The boost to the government’s coffers is in part due to frozen thresholds which have remained in place for years
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The boost to the government’s coffers is in part due to frozen thresholds which have remained in place for years
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The government pulled in £4.4bn from inheritance tax (IHT) in the past six months as more families were “quietly” pulled into the net, data from the Treasury shows.
The Treasury is reportedly drawing up options on inheritance tax ahead of the autumn Budget
New figures show that more than 30,000 estates paid IHT in 2022-23 — a 13 per cent rise on the year before
HMRC is on the lookout for anyone undervaluing the assets they inherit as more people get dragged into the IHT net
It’s a direct consequence of frozen tax thresholds, says the budget watchdog
Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget
It will mean £140 more in tax for hundreds of thousands of earners
