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flag UK inheritance tax revenues surged to £6.3 billion in 2024, up £600 million from the previous year.

flag UK inheritance tax (IHT) receipts hit £6.3 billion from April to December 2024, a £600 million increase from the previous year. flag This rise is attributed to higher wealth transfers, increased asset values, and frozen IHT thresholds until 2030. flag To reduce IHT, experts recommend making a will, gifting assets within annual allowances, and using trusts. flag Pensions will be included in taxable estates starting in 2027, likely increasing IHT liabilities further.

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