uk iconUK

Number of inheritance tax investigations increases

One in four estates face investigations over their inheritance tax (IHT) payments as HMRC ramps up anti-avoidance activity with probes into £1.3bn worth of tax liability.

Number of inheritance tax investigations increases
smsfadviser logo

Over 5,000 IHT investigations were opened by HMRC in the 2018/19 tax year, representing nearly 25% of of the 22,000 estates liable for inheritance tax over the period, according to a freedom of information request by wealth management adviser, Quilter. This equated to 5,537 investigatins, up from 5,354 the previous year.

Read more at the Accountants Daily.

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox