IHT receipts hit £2.357bn for April to August, HMRC has revealed.
The figures could be the last published before a detailed report commissioned by the Chancellor is released by the Office of Tax Simplification (OTS).
NFU Mutual chartered financial planner Sean McCann said: “The OTS report on inheritance tax is imminent and it’s likely the Chancellor will want the recommendations to the part of his Budget considerations.
“Inheritance tax is deeply unpopular and fiendishly complicated. Recent changes have just added to the problem, in many instances the complexity of the rules means that many families are missing out.”
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Bank of England holds interest rates at 4.75%
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Homeowners ‘pessimistic’ over economy’s future, study finds
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Annual price growth jumps to 3.4%, Land Registry data shows
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
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