Inheritance tax (IHT) receipts from April 2022 to March 2023 were £7.1 billion, £1 billion more than the same period a year earlier.
The increase can be attributed to increasing property wealth, higher numbers of wealth transfers and the UK government’s decision to freeze the £325,000 nil rate band until at least April 2028, tax specialists have said.
Over recent weeks, a number of government ministers have suggested that an increase in the IHT threshold or a cut in the ra...
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