HMRC
‘Home loan’ IHT avoidance scheme escapes double tax charge
But scheme did fail to save any inheritance tax
Tax reliefs ‘have been abused’, say UK MPs
As treasury committee welcomes a ‘comprehensive and systematic review’ of the regime
17% rise in number of families paying IHT
Average inheritance tax bill fell 1% to £214,000 in 2020/21 financial year
Inheritance tax receipts reached £2bn between April and June
A £200m increase from last year
Pension tax overpayments hit £56m in Q2 2023
This is up almost £8m compared to the first quarter of the year