Inheritance tax receipts rise to £5.7bn in eight months Inheritance tax receipts hit £5.7billion in the eight months from April to November 2024, new data from HM Revenue & Customs has revealed.
The upturn in inheritance tax receipts contributed to gross HMRC tax and National Insurance contribution receipts for April to November 2024 reaching £537.2billion, marking a £15billion increase on the same point a year ago.
In the last full tax year, inheritance tax raised around £7.5billion for the Treasury's coffers.
Boost for Chancellor Rachel Reeves: Inheritance tax receipts swelled to £5.7bn in an eight month period.
Just Group's communications director, Stephen Lowe, said: 'Inheritance tax is set for another record year with receipts already over £550million ahead of the total through the same period in 2023/24.'.
