Inheritance tax receipts increased to £7.5billion from March 2023 to April 2024, the highest value ever recorded, figures from HM Revenue and Customs (HMRC) have shown. While only four per cent of estates paid inheritance tax, the most recent figures show, the proportion of deaths resulting in inheritance tax is estimated to grow to over seven per cent by 2032/33. The average bill could increase to £243,000 in the 2023/24 tax year, with more than 31,000 families having to hand over part of their inheritance to the taxman, Wealth Club calculations suggest. The inheritance tax allowance has been…