Inheritance Tax
(asked on 18th November 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an estimate of the number of estates that will be eligible to pay inheritance tax for each year till 2028.
The OBR has published Table 3.13 as a part of the detailed forecast tables from the October 2024 Economic and fiscal outlook at https://obr.uk/download/october-2024-economic-and-fiscal-outlook-detailed-forecast-tables-receipts/?tmstv=1732014425. Table 3.13 has the estimated outturn of the number of deaths subject to inheritance tax for 2022-23 and 2023-24, and the forecasted number of deaths subject to inheritance tax for 2024-25 up until 2029-30. A simplified version of the table is below which has the number of estates that will be eligible to pay inheritance tax till 2028.
| Estimated outturn | Forecast | ||||||
| 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 |
Number of deaths subject to inheritance tax | 35,000 | 33,300 | 37,700 | 40,100 | 43,900 | 57,600 | 62,300 | 66,600 |