24/03/2026
There is “no surprise” in the continued increase in inheritance tax receipts for those working in private client law, as the latest figures from HMRC show IHT receipts for April 2025 to February 2026 were £7.7 billion – £0.1 billion higher than the same period last year.
Any subtlety to what was once regarded as a stealth tax is now gone, according to Quilter’s Shaun Moore, as IHT receipts for the 2025/26 tax year already surpass the 2023/24 total of just under £7.5 billion with a month still to go. The 2024/25 total was £8.25bn.