Property made up half the wealth of estates paying inheritance tax (IHT) in London in 2019-20.

Inheritance tax (IHT) receipts leapt to £4.1bn between April and October, according to figures released by HMRC today.

People dipping into their pensions for the first time are triggering complex tax rules, according to analysis by retirement specialist Just Group.

Financial advisers and industry experts have expressed concern about the ‘stealth tax’ threat from Inheritance Tax after receipts grew to £3.5bn for the latest six month period, up £400m year on year.