HMRC opened 3,600 IHT investigations last year amid 'DIY tactics'

Mark Battersby
clock • 2 min read

HMRC opened 3,574 investigations into Inheritance Tax (IHT) in 2020-21, netting an additional £254m in revenue, according to law firm Pinsent Masons. What is more, an increasing number of people are choosing to take care of legal issues surrounding inheritance themselves, in order to save money, according to the company. Last week, HMRC revealed IHT receipts for the first half of 2021/22 were £3.1bn. Pinsent Masons said the DIY tactic had significantly increased the scope for error, making it more likely HMRC will launch an investigation. Pinsent Masons added that rising property v...

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