by johnireland | Tax Talk
The Headline HMRC collected £8.5 billion in inheritance tax during the 2025-26 tax year — the highest figure ever recorded. The Office for Budget Responsibility projects receipts will exceed £14 billion annually by the end of the decade. Why It Is Happening The...
by johnireland | Tax Talk
The Gift Allowances Most Families Never Use Fewer than one in five families take full advantage of the gift exemptions available to them — and the result is thousands of pounds in unnecessary inheritance tax every year. Here is what you can give away tax-free right...
by johnireland | Articles
Most Families Never Use Their Gift Allowances — And Pay More IHT Because of It Every year, thousands of UK families pay more inheritance tax than they need to — not because they lack planning options, but because they never use the gift exemptions already available to...
by johnireland | Articles
A New Record — and No Sign of Slowing Down In the twelve months to March 2026, HM Revenue & Customs collected £8.5 billion in inheritance tax (IHT). That figure is £200 million more than the previous year and marks the highest annual IHT haul in the history of the...
by johnireland | Tax Talk
What Has Changed? From 6 April 2026, the combined allowance for Business Property Relief and Agricultural Property Relief is capped at £2.5 million per person. Above that figure, the relief drops from 100% to 50%, creating an effective inheritance tax rate of 20% on...
