Business Tax, IHT, Personal tax, Probate and Inheritance Tax, Tax Planning

Is inheritance tax HMRC’s biggest cash cow?

By RJP LLP

With house prices continuing to climb and no increase to the nil rate band, receipts from inheritance tax are on the up. The latest Treasury figures suggest takings have caught up with what they were before the economic crisis.

Our new infographic highlights just how much taxpayers are forking out for inheritance tax and how this has changed through the decades as prices of property have risen, fallen and are now rising steadily once again. Who is paying the most IHT? How does it vary around the UK and what can you do to minimise inheritance tax on your estate?

Our IHT infographic provides some useful tips.

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