Inheritance tax has become a hot topic of concern for many Britons, with rumours swirling about potential changes in the upcoming October Budget. Despite only 4.39 per cent of estates paying inheritance tax in 2021/22, it remains one of the most unpopular taxes among the public. New figures from HM Revenue and Customs have shown that £3.5billion was collected between April and August 2024, marking a £300million increase from the same period last year. Sarah Coles, head of personal finance at Hargreaves Lansdown, said: “Inheritance tax casts a long shadow. Fewer than 28,000 estates paid it in 2…
