Inheritance Tax Hits Record High – And Property Owners Are Feeling the Pinch

Blocks resting on coins with the letters T, A, X

Inheritances in the UK have just hit a new milestone, but not in a good way. HMRC collected £6.7 billion in inheritance tax (IHT) during the 2022–23 tax year, up 12% from the previous year. That’s £710 million more taken from estates, marking a record high in IHT receipts. Why the jump? Property values are […]