IHT receipts hit £8.5bn

Follows prolonged freeze on IHT thresholds

Sophia Panayi
clock • 3 min read

Inheritance tax (IHT) receipts reached £8.5 billion for April 2025 to March 2026, according to data released by HMRC.

This was a £0.2bn rise compared to the same period in the previous year. Nicholas Nesbitt, partner, Forvis Mazars, said: "No longer a tax reserved for the ultra-wealthy, the number of ordinary families affected by IHT will only grow in the coming months. "With no adjustments for inflation or asset value growth, frozen thresholds are a tax rise by stealth."  Frozen thresholds The prolonged freeze on IHT thresholds continues to be responsible for the rising figures, according to industry experts. Samantha Warner, legal director, Winckworth Sherwood, said: "The nil-rate band (NRB...

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

Sophia Panayi
Author spotlight

Sophia Panayi

Senior reporter at Professional Adviser

More on Regulation

FCA to introduce multi-firm review for bereavement processes

FCA to introduce multi-firm review for bereavement processes

Review expected to launch this year

Sophia Panayi
clock 08 May 2026 • 2 min read
FCA to investigate poor claims management practices

FCA to investigate poor claims management practices

Looking into CMCs and law firms

Jenna Brown
clock 06 May 2026 • 3 min read
IPT collects £9.04bn in FY25/26

IPT collects £9.04bn in FY25/26

£88m generated in March 2026

Jaskeet Briah
clock 23 April 2026 • 1 min read