Inheritance tax raid up by £600MILLION - as they are set to exceed £8billion by end of financial year Bereaved families paid a staggering £5.7billion in inheritance tax in just eight months of this year.
Families paid £7.6billion in inheritance tax in the last financial year, up from £7.1billion the year before (file image).
The year-on-year increase means inheritance tax bills look likely to exceed £8billion this financial year.
Rising property prices are pushing a growing number of estates over the threshold above which inheritance tax is payable.
The huge total in the lead up to November was £600million more than the same period last year, according to HMRC figures.
