The average inheritance tax bill reached almost £200,000 in the last tax year - up £60,000 in five years, according to analysis of HMRC receipts by financial advice firm and insurer NFU Mutual.

Families could be paying an avoidable tax bill of more than £80,000 because parents are too embarrassed to talk to their children about their financial future, according to new research.

Our story this week about the Treasury’s record IHT tax grab in the past year is a worrying portent of things to come, I fear.

Families have been hit with a record £5.4bn in Inheritance Tax (IHT) bills in the past year, according to new analysis.