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Calls to slash IPT on PMI
Up £39m year on year
£123m extra in first four months of FY25/26
But government likely to ‘stubbornly stick’ with proposals, expert says
Receipts up 9% year-on-year
HMRC decision
An increase of £55m year-on-year
£1.3bn in February 2025
£853m in January 2025
Impact of IHT a certainty