Treasury’s IHT net grows wider and deeper
27 July 2023
The government has raked in record amounts of inheritance tax, as soaring house prices and frozen thresholds force more households into the net. Annual figures from HM Revenue & Customs revealed a 16% increase, equating to £800 million, in tax liabilities created between the 2019/2020 and 2020/2021 tax years to £5.76 billion. This is...
