Inheritance tax (IHT) receipts hit £600 million in April 2023, according to the latest data released by HMRC.
This is £100 million higher than in April last year.
The increase in IHT receipts has been put down to house price increases, inflation, and tax freezes, which in turn brings more people into the £325,000 nil rate brand, which is expected to be frozen until 2028.
Alex Davies, chief executive and founder of Wealth Club, argued IHT is a “cash co...
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