Experts react as nil rate freeze fuels 33% leap in IHT tax take

Industry experts have reacted to the UK Government's latest inheritance tax receipts data which saw a £500m jump of 33% to £2.1bn between April and July 2021 compared to the same period last year. David Gibb, chartered financial planner at Quilter, said: "The government has increased its IHT tax take by £500m for two main reasons. The first is the fact that the comparison period is April to July 2020, a time where HMRC were suffering from severe disruption as a result of the pandemic which would have naturally impacted their processes and reduced the amount of money they were able to acc...