Inheritance tax bill hits millions of Britons as HMRC rakes in £7.7bn from families

Inheritance tax bill hits millions of Britons as HMRC rakes in £7.7bn from families

Inheritance tax (IHT) continues to be a significant revenue generator for HM Treasury with HM Revenue and Customs (HMRC) raking in £7.7billion between April 2025 and February 2026.This represents a £100million rise compared to the same time last year and comes ahead of Chancellor Rachel Reeves's IHT reforms, which come into effect in April 2027.The data indicates the Labour Government is on course to achieve yet another record-breaking year for …

IHT receipts increase latest HMRC data shows

Inheritance Tax receipts for April 2025 to February 2026 were £7.7bn, which is £0.1bn higher than the same period last year, HM Revenue & Customs data revealed today. Evelyn Partners  head of estate planning Ian Dyal commented: "The monthly HMRC figures confirming that inheritance tax… The post IHT receipts increase latest HMRC data shows appeared first on Mortgage Finance Gazette.

IHT receipts hit £7.7bn since April 2025, further growth expected – HMRC

Inheritance tax (IHT) receipts for April 2025 to February 2026 hit £7.7bn, according to HM Revenue & Customs (HMRC) data released today.

IHT receipts up HMRC reveals

Inheritance Tax receipts for April 2025 to February 2026 were £7.7bn, which is £0.1bn higher than the same period last year, HM Revenue & Customs data

Experts react as IHT rakes in record £7.7bn in February, exceeding last year’s total by £132mn

This morning’s HMRC update shows that Inheritance Tax (IHT) receipts totalled £7.7 billion through the first eleven months of the 2025/26 financial year (April 2025 to February 2026), an increase of £132 million compared to the same period in 2024/25 (£7.6 billion). With just one month of tax receipts left to be collected in the current financial year, IHT seems set to exceed last year’s record haul of £8.3 billion and hit the £8.7 billion forec…

Treasury on track for record IHT haul as receipts reach £7.7bn

Inheritance tax receipts are predicted to exceed £8.3bn this year. Discover the factors influencing this surge in IHT.