London and South East families pay almost half of all inheritance tax

London and South East families pay almost half of all inheritance tax

Families in London and the South East paid 46% of all UK inheritance tax bills in the last year, up from 44% the previous year, according to analysis by TWM Solicitors, a leading private wealth and family law firm. Data published today shows that the value of IHT liabilities for London and the South East was £3.3 billion in the last year, up from £3 billion the previous year. The total UK IHT liabilities were £7 billion. Out of the 20 top-paying…

London and South East families pay almost half of UK inheritance tax

Families in London and the South East paid almost half of all UK inheritance tax (IHT) last year, according to analysis by TWM Solicitors. HMRC figures

Inheritance Tax Liabilities Pass £7 Billion In Complex Planning Landscape

Inheritance Tax liabilities have passed £7bn for the first time, according to new HMRC figures out today which show the growing pressure on families, business owners and high-net-worth individuals. The latest Inheritance Tax liabilities statistics show that tax liabilities created in respect of the 2023 to 2024 tax year reached £7.03bn, up £330m, or 5%, on the previous year. The proportion of UK deaths resulting in an IHT charge also increased t…

IHT liabilities hit £7bn despite fewer estates paying

Inheritance tax liabilities reached a record £7.03bn in 2023/24 despite a fall in the number of estates paying the charge, new figures show.