New Inheritance Tax (IHT) figures from HMRC have shown a slight fall in receipts for the first time in 10 years.

In 2017-18, 3.9 percent of UK deaths resulted in an Inheritance Tax (IHT) charge, decreasing by 0.7 percentage points since 2016-17. This reverses the longer term increase in this proportion since 2009-10 and is likely due to the introduction of the Residence Nil-Rate Band (RNRB) tax-free threshold in April 2017.

The introduction of the RNRB also means the total number of UK deaths that resulted in an IHT charge has fallen for the first time since 2009-10. In 2017-18 there were 24,200 such deaths, a decrease ...