Investment - Articles - IHT receipts stay above historical levels despite August dip

This follows receipts of £868 million in July 2026 and comes after a fifth consecutive record year for IHT receipts, which reached £8.5 billion in 2025/26. Year-to-date IHT receipts for the 2026/27 financial year now stand at £3.8 billion, compared with £3.7 billion at the same point last year.

 

Simon Martin, Head of UK Technical Services at Utmost, commented: "Albeit down on last month, Inheritance Tax revenues remain well above historical levels, with frozen thresholds and rising asset values continuing to draw more families within scope of the tax.

 

"The reach of Inheritance Tax is continuing to expand, with thresholds now frozen until 2031, Business Property Relief reforms having taken effect earlier this year, and unused pension pots due to fall within the scope of IHT from April 2027.

 

"While these changes may boost Treasury revenues in the near term, they also raise broader questions about the UK's competitiveness for entrepreneurs and wealth creators who have more flexibility than ever over where they choose to invest and build businesses."