IHT receipts jump 44.4% to record high of £5.4bn

HMRC's IHT receipts have seen an increase of around £160m in just a year to a record high of £5.4bn in the 2018/19 tax year, up 3.1% this March from £5.2bn in the previous fiscal year, the latest figures show. "It is another record year for the amount paid in inheritance tax," Neil Jones, wealth management and tax specialist at Canada Life said in a statement. "This continues a consistent, long term trend of increases that shows little sign of slowing down," he added. Inheritance tax sa...