Inheritance Tax
(asked on 7th September 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what has been the total yield on inheritance tax collected in each of the last five years.
HMRC publish information regarding the total amount of Inheritance Tax (IHT) receipts received in each tax year annually in their ‘Inheritance Tax Statistics’ publication.
The latest statistics were published on 30 July 2020. The amount of revenue raised from IHT, irrespective of when the charge to tax arose, is reproduced in the table below, for each of the last five years.
Tax Year | Receipts (£millions) |
2015-16 | 4,673 |
2016-17 | 4,840 |
2017-18 | 5,218 |
2018-19 | 5,384 |
2019-20 | 5,161 |
Source: Table 12.1 Inheritance Tax: Analysis of Receipts. Available online on the GOV.UK website. These figures include both cash and non-cash receipts.