Covid-19 Update: We are continuing to provide our usual services whilst maintaining the safety of clients and colleagues. Read our latest update here.

Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.


More estates caught by Inheritance Tax last year

Posted on 05th May 2021 in Later Life Planning

Posted by

Rachael Morley

Partner & Solicitor
More estates caught by Inheritance Tax last year

Inheritance tax receipts for the tax year 2020/21 saw an increase of £200 million from 2019/2020, reaching a total of £5.3 billion raised through this tax in this year.

It is interesting to see how the receipts fall month by month, as in the following graph from the Revenue, but the trend is definitely upwards.


Inheretance tax graph


As can be seen from the graph, the green line of 2020-21 is certainly pointing upwards and so it seems as if 2021-22 will be another bumper year for the Revenue.

Inheritance Tax remains as one of the most unpopular taxes we encounter, no doubt due to the feeling that it is another tax on money which has already suffered deduction.

There are many ways in which you can maximise your available exemptions and reliefs to ensure that you and your family are best-placed to minimise or manage any Inheritance Tax burden in future. For succession on tax planning, contact our specialist team today.


How can Tozers help?

For any further help or advice on anything covered in this insight, please contact our dedicated Later Life Planning team who will be happy to help.

Contact our legal experts



Paper plane


Get the latest news straight from our legal experts.

Subscribe to our newsletter to recieve current, dedicated, suppport and guidance from our solicitors straight to your inbox, wherever you are.

Company & Industry

Related Insights


HMRC warns of errors in property disposal reporting

Posted on 19th November 2021 in Probate & Wills, Later Life Planning

HMRC have identified potential errors regarding the declaration of residential property disposals for Capital Gains Tax (CGT) purposes when completing self-assessment tax returns for 2019/20.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive

Deprivation of assets and care funding

Posted on 12th November 2021 in Later Life Planning

Many people find the prospect of paying for care rather daunting, especially as they continue to increase. If you have care needs and are considering putting care in place, or moving into a care home, you may be wondering whether there is any way to avoid paying the fees yourself so that they are met by the local authority. 

Posted by

Emma Ruttley