Inheritance Tax

Treasury written question – answered on 16th September 2020.

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Photo of Lord Risby Lord Risby Conservative

To ask Her Majesty's Government what has been the total yield on inheritance tax collected in each of the last five years.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

HMRC publish information regarding the total amount of Inheritance Tax (IHT) receipts received in each tax year annually in their ‘Inheritance Tax Statistics’ publication.

The latest statistics were published on 30 July 2020. The amount of revenue raised from IHT, irrespective of when the charge to tax arose, is reproduced in the table below, for each of the last five years.

Tax Year

Receipts (£millions)

2015-16

4,673

2016-17

4,840

2017-18

5,218

2018-19

5,384

2019-20

5,161

Source: Table 12.1 Inheritance Tax: Analysis of Receipts. Available online on the GOV.UK website. These figures include both cash and non-cash receipts.

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