US EditionInheritance Tax Referendum Spooks Swiss Super-Rich
UNITED KINGDOM, JUN 20 – Frozen tax thresholds and rising asset values have increased UK inheritance tax receipts by £98 million in one year, impacting nearly 40,000 estates liable by 2026-27.
- For the first two months of the 2025 tax year, inheritance tax revenues increased to £1.5 billion, marking a £98 million rise compared to the previous year, driven by unchanged thresholds and growing asset values.
- This increase follows policy decisions to freeze the £325,000 nil-rate band since 2009 and extend the freeze on inheritance and residence bands until at least 2030.
- Further changes include bringing pensions into inheritance tax from 2027 and limiting agricultural and business reliefs, which will expand the tax’s reach beyond the very wealthy.
- Experts note that leaving 10% or more of a net estate to charity reduces the inheritance tax rate from 40% to 36%, providing meaningful savings while supporting philanthropic giving.
- These trends suggest that more families will face inheritance tax, making early planning essential and possibly increasing tax revenues to support public finances.
18 Articles
18 Articles
The proposal to levy a tax on inheritances and gifts worth 53 million euros or more threatens to drive wealthy families and companies out of Switzerland. Bankers and lawyers warn of this in the business newspaper Financial Times. But not all of their peers share this opinion. According to others, capital will continue to find its way to the country. The proposal will not be put to the Swiss in a referendum until November at the earliest.
Inheritance tax revenue hits £1.48bn as frozen thresholds increase take
The amount of inheritance tax (IHT) brought in by the Government has hit £1.48bn as frozen thresholds continue to drag more taxpayers into paying.Data from HMRC showed IHT’s continued upward trajectory with a £98m – or seven per cent – rise on the same period last year.Experts said this increase is thanks to the freeze of both the nil-rate band and the residence nil-rate band until at least April 2030, which was announced by Rachel Reeves in the…
Inheritance Tax Receipts raise £1.5 billion in two months - Scottish Business News
Inheritance tax receipts hit £1.5 billion in the first two months of the current tax year, according to data released by HM Revenue and Customs (HMRC) this morning. This is £98 million higher than the previous tax year, and continues an upward trend over the last two decades. Nicholas Hyett, Investment Manager at Wealth Club said: “If recent rumours are to be believed, the Chancellor is considering a U-turn on the decision to subject non-doms’ g…
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