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IHT receipts hit record high as Rachel Reeves’ frozen bands raid plague Brits
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NEWSDECK ANALYSIS
Inheritance tax (IHT) thresholds have been frozen since 2021, meaning that as asset values rise due to inflation, more people are being drawn into paying the tax. This can lead to larger tax bills for individuals who inherit property or other assets, even if the overall value of the estate has not increased significantly in real terms. As a result, the freeze on IHT thresholds can have a disproportionate impact on middle-class families and individuals who may not consider themselves wealthy.
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IHT receipts hit record high as Rachel Reeves’ frozen bands raid plague Brits
Inheritance tax receipts soared to a record high in the three months to June 2026, as frozen thresholds drag more Brits into the net. Receipts hit £2.3bn over the period, according to the latest figures from HMRC, a £96m increase from the same period last year. In June alone inheritance tax (IHT) receipts totalled £871m [...]
21 Jul, 09:47
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