Hated inheritance tax grabs HMRC £5.2bn in just seven months

RECEIPTS for Britain’s “most hated tax” hit £5.2billion in the first seven months of 2024/25.

- BY STEPH SPYRO

HMRC received £200million more in inheritance tax (IHT) between April and October, compared with the same period the previous year.

Chancellor Rachel Reeves confirmed last year that pension assets would be made liable for inheritance tax by April 2027.

Nicholas Hyett, investment manager at Wealth Club said: “The ‘hokey cokey’ Budget is just days away and recent IHT history provides the blueprint we expect the Chancellor to follow.