Experts react to latest inheritance tax receipts rise to £1.1bn

Industry experts have reacted to the UK's latest inheritance tax receipts, which rose by £100m compared to the same period last year to £1.1 billion, according to latest HMRC data. These tax receipts are continuing to trend higher than previous years reaching £564m in May 2022. Darran Harrison, Wealth Planner at Kingswood, said: "The continued increases in IHT receipts can be aligned with many factors. These range from rising asset prices and the economic recovering, meaning the values of estates of wealthy individuals is rising.  And of course, not forgetting the increase in deaths f...