{"id":100035,"date":"2024-12-20T16:45:00","date_gmt":"2024-12-20T16:45:00","guid":{"rendered":"https:\/\/en.econostrum.info\/uk\/?p=100035"},"modified":"2024-12-20T16:28:53","modified_gmt":"2024-12-20T16:28:53","slug":"hmrc-inheritance-tax-uk-households","status":"publish","type":"post","link":"https:\/\/en.econostrum.info\/uk\/hmrc-inheritance-tax-uk-households\/","title":{"rendered":"HMRC Inheritance Tax Raid Costs UK Households \u00a35.7 Billion"},"content":{"rendered":"\n

Between April and November 2024, HMRC<\/strong> collected a remarkable \u00a35.7 billion<\/strong> in inheritance tax receipts, an increase of \u00a3600 million compared to the same period last year.<\/p>\n\n\n\n

This figure highlights a decades-long upward trajectory, fuelled by rising property values<\/strong> and frozen tax thresholds, which have ensnared an increasing number of estates.<\/p>\n\n\n\n

Soaring Inheritance Tax: Property Prices and Policy Changes Drive Increase
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Nicholas Hyett, Investment Manager at Wealth Club, attributes much of this rise to soaring property prices<\/strong>:<\/p>\n\n\n\n

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\u201cDecades of rising house prices have pushed estates above the frozen nil-rate bands. The government is benefitting at the expense of grieving families.\u201d<\/p>\n<\/blockquote>\n\n\n\n

This trend is set to intensify, with changes due in April 2027 that will see pension pots<\/strong> brought within the scope of inheritance tax. Such measures are likely to capture more families in the tax net, potentially dissuading long-term saving and investment.<\/p>\n\n\n\n

Factors Contributing to Rising Inheritance Tax Receipts:<\/h3>\n\n\n\n