HMRC set for a windfall as IHT revenues projected to double by 2030

Pedro Gonçalves
clock • 2 min read

Inheritance tax receipts are projected to reach £10bn per year by 2030, almost double the amount received by the UK government today, new figures reveal.  The analysis from Canada Life shows an increase in revenues from inheritance tax (IHT). It has taken 30 years to reach the current revenue level of around £5.1bn per year, but it is now expected to take only another decade to reach £10bn. The increases come as the nil rate band, one of the most important means of protecting an estate from IHT, reaches its tenth anniversary of being frozen at £325,000. As asset values increase, but t...

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