Business · 21 July 2026
Inheritance tax receipts reach record high as frozen thresholds pull in more families
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HMRC collected a record amount from inheritance tax as frozen tax-free thresholds and rising asset values brought more estates into paying the levy. Rachel Reeves has kept inheritance tax bands frozen, while recent policy changes are expected to increase receipts further in coming years. Wealth experts warned more ordinary families are being caught by fiscal drag instead of only the wealthiest estates.
Reported by City AM · How we write briefs