Record haul for IHT 'cash cow' as tax burden soars

INHERITANCE tax receipts are on course for a record-breaking year as more Britons brace themselves for further potential changes.

- By Maisie Grice

According to the latest HMRC data, IHT receipis hit £3.7bn in the first five months of the 2025-26 tax year, continuing their two decades long upward trend.

This is also £0.2bn higher than the previous year.

Nicholas Hyett, investment manager at Wealth Club said: “Inheritance tax continues to be a cash cow for HMRC.

“While wealth taxes, IHT’s uglier sibling, will be in the spotlight in the run-up to the Autumn Budget it wouldn’t be entirely surprising to see further tinkering with IHT too.”