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INHERITANCE TAX: Annual receipts up more than 3 per cent

HMRC’s receipts of inheritance tax (IHT) for the 2018/2019 tax year rose by 3.1 per cent to GBP5.4 billion, with March 2019 being a bumper month, at nearly 50 per cent higher than the February figure. IHT receipts have been rising rapidly in recent years, with 27,000 families paying an average IHT bill of almost GBP200,000 in 2018/2019, according to analysis by financial advice firm NFU Mutual. Should you have concerns over inheritance tax please call us to arrange a free no obligation appointment to discuss your inheritance tax situation.

Posted in Tax