Inheritance tax (IHT) receipts totalled £2.4 billion for April to July 2022, £0.3bn higher than last year, data released by HMRC shows.
The increase was due to the volume of wealth transfers that took place over the COVID-19 pandemic, recent rises in asset values and the Government's decision in March 2021 to maintain the IHT tax-free thresholds at their 2020/21 levels up to including...