IHT tax investigations increase

Posted on 07 Feb 2024
Share Blog Post

Over 2,000 families investigated over IHT

More than 2,000 families are being investigated by HMRC this tax year for not paying enough inheritance tax. HMRC opened 2,029 IHT investigations between April and November 2023. In 2022/23, over 3,100 investigations were opened with £251m recovered over the period. Only around 4% of deaths in the UK resulted in an IHT bill in 2020/21, but frozen thresholds and rising house prices are set to drag more people into the net. By 2028/29 the Office for Budget Responsibility expects some 43,600 estates, or 6.27% of deaths, to be liable. The taxman is expecting to increase its IHT take by £500m in 2023/24.

View more blog posts

Interest rate strategy
Posted on 27 Feb 2024
Interest rate strategy
read more
Tax investigations reduced
Posted on 26 Feb 2024
Tax investigations reduced
read more
High taxes hurt
Posted on 23 Feb 2024
High taxes hurt
read more
High banking charges hurt
Posted on 22 Feb 2024
High banking charges hurt
read more
Back To Top
01604 660661