IHT receipts increase to £5.2bn

Speculation around gifting and trust taxation rules expected

Isabel Baxter
clock • 4 min read

Inheritance tax (IHT) receipts for April to October 2025 were £5.2 billion, latest HMRC figures have shown.

This figure is £200 million higher than same period of the previous tax year and continues an upward trend over the last two decades. Nick Henshaw, head of intermediary distribution, Wesleyan Financial Services, warned that clients will be worried that they could face "an even higher risk" of an IHT charge as the Government looks at potential tax-raising measures in the upcoming Autumn Budget. "It's at times like these that advisers will really add value by helping clients balance their emotional concern with the big picture, and their long-term plans, in mind," he said. It is now ...

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

Probate fee to rise by 75% from mid-July 2026

Probate fee to rise by 75% from mid-July 2026

Broader client conversations on estate planning encouraged

Jaskeet Briah
clock 08 July 2026 • 3 min read
FCA review highlights role of AI in tackling protection gap

FCA review highlights role of AI in tackling protection gap

Warning AI could make markets more opaque

Jaskeet Briah
clock 07 July 2026 • 4 min read
FCA seeks to ease Consumer Duty wholesale and non-UK burden

FCA seeks to ease Consumer Duty wholesale and non-UK burden

Clarity on firms' responsibilities when working together

Sophia Panayi
clock 29 June 2026 • 2 min read