Inheritance tax (IHT) receipts for April to December 2023 were £5.7 billion, £0.4 billion higher than in the same period the previous year, HMRC data has revealed.
The 7.5 percent increase means HM Treasury is on course to take receipts of about £7.6 billion from IHT in the 2023/24 tax year.
This follows the all-time high of £7.1 billion in 2022/23, a £1 billion increase on 2021/22.
Many in the private wealth sector continue to note the impact of fiscal drag, w...