IHT and CGT tax receipts

IHT tax receipts for 2024/25 are forecast to be the highest on record, with tax revenue being in excess of £7.5 billion.

The increase can be put down to the rapidly increasing house prices, which increase the value of estates and the freezing of the nil rate bands.

The basic £325,000 exempt band has not increased since 2008/2009. The additional property exempt band of £175,000, has not changed since 2022/21.

Capital Gains Tax takings have increased by 270% in the last decade. The main reasons for this would be the increase in the number of buy to let properties and the general increase in house prices.