IHT receipts sees expected rise at start of tax year

Receipts up £97m year-on-year

Jenna Brown
clock • 3 min read

Inheritance tax (IHT) receipts for April 2025 were £800 million - £97m higher than the same period last year, latest statistics from HM Revenue and Customs have confirmed.

The total was an increase of 13.8% on the same month of 2024. Ian Dyall, head of estate planning, Evelyn Partners, said: "The 2025/26 financial year opens where the previous one left off, with a predictable and substantial annual rise in IHT receipts. "Estimates last month revealed that IHT receipts for the 2024/25 financial year were 10.8% up on the previous one, and there's nothing to suggest the current one will be any different." Shaun Moore, tax and financial planning expert, Quilter, said IHT receipts had continued their "steady upward trend seen over recent years". "With ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

IPT exceeds £1bn in July 2025

IPT exceeds £1bn in July 2025

£123m extra in first four months of FY25/26

Cameron Roberts
clock 21 August 2025 • 2 min read
IHT receipts continue to climb

IHT receipts continue to climb

But government likely to ‘stubbornly stick’ with proposals, expert says

Jen Frost
clock 21 August 2025 • 3 min read
Strategies for added value in protection advice

Strategies for added value in protection advice

Impact of the FCA market study

Ben Heffer
clock 19 August 2025 • 4 min read