Inheritance Tax (IHT) receipts increased to £5.2 billion in the eight months from April 2023 to November 2023, the latest figures from HMRC have revealed. 

This represents a £400 million increase from the same period in the previous year, and continues the upwards trend over the last decade.

Currently, four percent of estates pay inheritance tax, but the freeze on inheritance tax thresholds, decades of house price increases and high inflation has brought more estates...