Inheritance Tax Revenue Hits £7.5 Billion: HMRC Figures Show Record Collections
Published: 22 February 2026
The Event
HMRC released inheritance tax statistics today showing that the government collected seven point five billion pounds in inheritance tax in the 2024-25 tax year, up from seven point one billion in 2023-24. This is the highest inheritance tax revenue ever recorded, and it represents a twenty-three percent increase from five years ago.
The number of estates paying inheritance tax also reached a new high. Fifty-two thousand estates paid inheritance tax in 2024-25, up from fifty thousand in 2023-24 and from just twenty-five thousand in 2009-10. The number of estates caught has more than doubled in fifteen years.
