![\"Inheritance](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/09\/0904-HMRC-AdobeStock_283109486_Editorial_Use_Only.jpeg\")
\t\tIHT bills hit a record high in june \t<\/p>\n\t\t\tTuesday 21 July 2026 10:47 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n
\t\t\tTuesday 21 July 2026 10:48 am\n\t<\/p>\n
\t\tIHT bills hit a record high in june \t<\/p>\n
Inheritance tax receipts soared to a record high in the three months to June 2026, as frozen thresholds drag more Brits into the net.<\/p>\n
Receipts hit \u00a32.3bn over the period, according to the latest figures from HMRC, a \u00a396m increase from the same period last year.<\/p>\n
In June alone inheritance tax (IHT) receipts totalled \u00a3871m compared to the \u00a3730m recorded in May.<\/p>\n
The rise comes after former chancellor Rachel Reeves decided<\/a> to extend the freeze on income tax thresholds to 2031 in last year\u2019s Autumn Budget.<\/p>\n Income tax thresholds have traditionally risen in line with inflation to ensure workers given pay rises to keep up with the cost of living aren\u2019t sucked into higher bands.<\/p>\n Reeves\u2019 failure to end the freeze pulled millions of Brits into higher bands, despite not classifying themselves as wealthy.<\/p>\n Tom Trewby, director of private client tax at Forvis Mazars, said: \u201cIt\u2019s a tax rise by stealth. Rising asset prices mean that inheritance tax is hitting families it never used to catch.\u201d<\/p>\n The Treasury anticipates receipts continuing to soar amid higher volumes of wealth transfers and the recent rise in asset values drawing in more estates. The inclusion of unused pension pots in IHT\u2019s scope from April 2027 is also expected to lead to higher bills.<\/p>\n \t\t\t\t\tRead more<\/p>\n \t\t\tInheritance tax enquiries surge to six-year high after HMRC clampdown<\/a><\/p>\n \tBurnham\u2019s inheritance <\/p>\n Burnham\u2019s entry to Downing Street has now prompted industry questions over how he will handle the inherited soaring IHT bills and the future direction of wealth taxation. But industry figures have warned Burnham could further alienate top earners by shaking up wealth taxes in a way that leaves higher rate taxpayers hamstrung.<\/p>\n Shaun Moore, tax and financial planning expert at Quilter, said: \u201cBurnham has previously argued for reform of wealth taxes and has expressed support for alternatives to the current inheritance tax system.<\/p>\n