IHT receipts hit £3.2bn

For July, IHT receipts totalled £868m, compared to the £844m recorded in July 2025. This continued rise followed receipts of £871m in June 2026 and came after a fifth consecutive record year for IHT receipts, which reached £8.5bn in 2025/26. Simon Martin, head of UK technical services, Utmost, said the increase in IHT revenues raises questions about the UK's attractiveness to wealthy individuals. "While these changes may increase tax revenues in the short-term, it raises wider questions about the UK's attractiveness to entrepreneurs and wealth creators who are more internationally ...