Figures released by the HMRC show that Inheritance Tax receipts for the period 2017/18 have risen to £5.2 billion for the first time. This is an increase of 8% on last year’s figures. The rise is partly due to the rise in properties and a high level of Winter deaths. The number of Inheritance Tax receipts has risen steadily since 2009/10 with an average increase of 10%. The nil-rate band, which is the threshold above which inheritance tax is applicable, has remained constant at £325,000.

More information about inheritance tax and the nil-rate band can be found here and on our own site by clicking here.

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