The Government has yielded to complaints about some aspects of its Inheritance Tax (IHT) reforms by increasing the relief threshold for farms and businesses from £1m to £2.5m from April 2026.

Inheritance tax (IHT) receipts for the government were up £84m year on year to £5.8 billion in the first eight months of the 2025/26 tax year, according to HMRC data out today.

c receipts from April to October totalled £5.2 billion, £200m higher than the same period in 2024.

Inheritance tax receipts hit £4.39bn in the first six months of the 2025/26 tax year, according to data released today by HMRC.

Inheritance tax receipts climbed £200m rising 5.7% in the three months to the end of August, new HMRC data published today revealed.

HMRC collected inheritance tax (IHT) receipts of £3.1bn in the first four months of 2025/26, an increase of £229m (8%) compared to the same period in 2024/25 (£2.8bn).

IHT tax liabilities created in 2022-23 were £6.7bn, up £0.71bn or 12% compared to the previous year.

Inheritance tax receipts for April to June were £2.2bn, over £100m higher than the same period last year, according to new HMRC figures published today.

Nearly one in 10 estates liable for inheritance tax paid more than £500,000 in the latest available year, with the number expected to soar from April 2027 when unused pensions are set to be included in IHT calculations.

One in six (15%) pension savers surveyed earlier this year say they have no idea who will be the beneficiary of their pension when they die.

Inheritance tax receipts for April and May 2025 hit £1.5bn, a £98m rise on the same period last year.