Investment - Articles - IHT hits £3.7bn in first five months of 2025/26 up 5 percent

 The figure represents an increase of £190 million, or 5%, compared to the same period last year when £3.5 billion was collected. That signalled the start of a fourth consecutive record-breaking year of IHT with £8.2 billion collected from IHT in the 2024/25 financial year.

 The OBR’s most recent forecast, published at the Spring Statement, projects a fifth record year. IHT is predicted to generate £9.1 billion for the Treasury in 2025/26 and more than £14 billion by 2029/30.

 Stephen Lowe, Director at retirement specialist Just Group, said: “Today’s IHT figures prove the two certainties in life – death and taxes. And with rising asset prices, frozen thresholds and last year’s reforms IHT looks set to deliver a bumper tax take for the fifth year in a row.

 “As the Chancellor continues to feel the fiscal pressure, and having ruled out hikes on major taxes, she will want to explore all her options to raise revenue. Given Inheritance Tax targets those who are wealthiest in society it’s entirely possible that it will once more be in the Chancellor’s sights.

 “With more estates being subject to Inheritance Tax, and the prospect of further changes to the rules on the horizon, it is important that people keep track of the valuation of their estate, including a recent assessment of their property wealth.

 “Estate planning is complex and difficult, so many families may find it beneficial to seek professional financial advice to understand their circumstances, the impact of the IHT regime and their options for minimising tax liabilities.”