Insights
Gift out of income
Inheritance tax (IHT) receipts in April 2025 were over £800 million, which is a 14% increase on the same month in 2024. The Office for Budget Responsibility forecasts that IHT receipts will continue to increase in the current 2025/26 tax year. With the IHT exemption for pensions being removed from April 2027, it seems that the trend of increased IHT receipts is set to continue.
August 11, 2025
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