Annual Inheritance Tax yield passes GBP5 billion for the first time

HM Revenue & Customs inheritance tax receipts continued their sharp rise in May 2017.

Receipts for April and May 2017 were 34.2 per cent higher than in the same period last year, taking the amount collected in the 12 months to May 2017 above the GBP5 billion-mark for the first time.

The number of estates on which inheritance tax is due has more than quadrupled since 2010, from 10,000 to well over 40,000. Have a look at HM Revenue & Customs report –

There has never been a better time to start planning for it!