£10M-Plus Estates Drive Bulk Of Rise In Latest IHT Liability Figures

Analysis reveals wide regional gap in inheritance tax liability

An analysis of HMRC data by wills and probate solicitors David W Harris & Co reveals the large differences in how much families pay in inheritance tax (IHT) across the UK. Using figures for the 2023-24 tax year, the research ranks every UK region and nation by the average inheritance tax bill per estate. London estates pay the most, with an average of £297,300 per estate and 4,810 estates liable. In Wales the amount is almost half that, with 982…

£10M-Plus Estates Drive Bulk Of Rise In Latest IHT Liability Figures

Estates worth more than £10m appear to have driven the vast majority of the latest rise in inheritance tax liabilities, according to analysis by Irwin Mitchell.

‘I’m a pensions and tax expert – watch out for six costly inheritance tax mistakes’

Inheritance tax (IHT) receipts are on the up and expected to rise further as more estates are dragged into HMRC’s net.The government raked in £8.5 billion in inheritance tax receipts in 2025/26, with the Office for Budget Responsibility (OBR) forecasting the tax take will increase to almost £15 billion by 2030/31.The watchdog says rising equity and house prices, frozen tax thresholds and the impact of policies announced in the 2024 Autumn Budget…