Synopsis: HMRC has confirmed that inheritance tax receipts are on the rise – due to an increase in house prices and a five-year bull market in shares. Once again early estate planning will no doubt prove valuable for clients to reduce tax payable on death.

Date posted: Wednesday, August 13, 2014

Over recent years more and more families have been drawn into the inheritance tax (IHT) net – and having a frozen nil rate band at £325,000 since 2009 has not helped. It is expected that the number drawn in will continue to rise due to rising house prices and a five-year bull market in shares.

HMRC has confirmed that IHT receipts have risen by 7.9% to £3.1 billion in 2012/13 and went up by 8.6% to 3.4 billion in 2013/14.

In June of this year, the Office for Budget Responsibility also published information on the increase in the number of estates being liable to inheritance tax, see our earlier bulletin.

Why not talk to the professionals about properly managing your finances

Call us on 01273 457100 020 7871 5387 01403 333666

Or email us on

Or just take a look at how we help our clients

Query Form