IHT receipts hit record high as Rachel Reeves’ frozen bands raid plague Brits

cityam07-21

IHT bills hit a record high in june Inheritance tax receipts soared to a record high in the three months to June 2026, as frozen thresholds drag more Brits into the net.Receipts hit £2.3bn over the ...

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Rising asset prices mean that inheritance tax is hitting families it never used to catch.”The Treasury anticipates receipts continuing to soar amid higher volumes of wealth transfers and the recent rise in asset values drawing in more estates. The in","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IHT":"InnSuites Hospitality Trust","BK4218":"酒店及度假村房地产信托","BK4181":"酒店及度假村房地产投资信托"},"translate_title":"蕾切尔·里夫斯的冰雪奇缘乐队突袭困扰英国人，IHT 收入创历史新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IHT":1.5},"content_text":"IHT bills hit a record high in june  Inheritance tax receipts soared to a record high in the three months to June 2026, as frozen thresholds drag more Brits into the net.Receipts hit £2.3bn over the period, according to the latest figures from HMRC, a £96m increase from the same period last year.In June alone inheritance tax (IHT) receipts totalled £871m compared to the £730m recorded in May.The rise comes after former chancellor Rachel Reeves decided to extend the freeze on income tax thresholds to 2031 in last year’s Autumn Budget.\n\nIncome tax thresholds have traditionally risen in line with inflation to ensure workers given pay rises to keep up with the cost of living aren’t sucked into higher bands.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nReeves’ failure to end the freeze pulled millions of Brits into higher bands, despite not classifying themselves as wealthy.Tom Trewby, director of private client tax at Forvis Mazars, said: “It’s a tax rise by stealth. Rising asset prices mean that inheritance tax is hitting families it never used to catch.”The Treasury anticipates receipts continuing to soar amid higher volumes of wealth transfers and the recent rise in asset values drawing in more estates. 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