Overview
- April 2025 saw HMRC collect £780m in inheritance tax, marking the second-highest monthly total ever recorded.
- The Office for Budget Responsibility predicts inheritance tax revenues will exceed £9bn for the 2025/26 financial year.
- Frozen tax thresholds since 2021, coupled with rising property and pension values, have significantly expanded the number of taxable estates.
- Planned inclusion of private pensions in 2027 and potential changes to AIM share exemptions are expected to further increase tax receipts.
- Experts emphasize the importance of estate planning as demand for advice grows amid regulatory changes and rising tax exposure.