Asked by: Ben Goldsborough (Labour - South Norfolk)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many estates were subject to inheritance tax in South Norfolk constituency in the (a) 2019-20, (b) 2020-21 and (c) 2021-22 financial year.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The Government publishes the latest Inheritance Tax liabilities statistics at https://www.gov.uk/government/statistics/inheritance-tax-liabilities-statistics. Table 12.9 of the Inheritance Tax liabilities statistics has the estimated numbers of estates liable to tax on death by UK (Westminster) Parliamentary Constituency, for the latest available tax year, which is currently 2021-22.
In that year, 60 estates were liable for inheritance tax in the South Norfolk Parliamentary constituency. The equivalent number of estates in 2020-21 and 2019-20 were 56 and 48 respectively.