Britons are warned of the most “common mistakes” seen when passing on wealth which can leave people paying thousands of pounds more to HMRC. Following the latest inheritance tax receipts data, an expert has shared costly mistakes they have see their clients make when estate planning. HM Revenue and Customs (HMRC) collected £700million in inheritance tax last month – this is £85million, or 7.2 per cent, more in inheritance tax than a year ago. By 2028/29, inheritance tax receipts are expected to hit £9billion. For 2023/24, the figure stood at £7.5billion. The number of estates paying inheritanc…
