Latest IHT stats raise 'cries for reform' and spectre of Covid tax rise

Two financial experts explore the latest UK inheritance tax statistics which show receipts up by 4% to £5.4bn for 2021 while inevitably raising the prospect of whether the nil rate band or the 40% will be upped to help pay off the massive borrowing to tackle Covid-19. Richard Bull, private clients partner at Crowe highlighted how the headline fall in IHT receipts in 2019/20 has now reversed: "This is interesting as the previous drop in 19/20 from 18/19 was attributed to the incremental increase in the residential nil rate band, going from £125,000 to £150,000. Despite increasing by a fur...