BR Report 2019

11 MARKET UPDATE IHT STATISTICS RECEIPTS STILL RISING The latest HMRC statistics on IHT largely consider 2015/16. The figures demonstrate continuing upward trends in: THE NUMBER OF ESTATES CAPTURED: The total number of liable estates has increased every year since 2009-10. In 2015/16 there were 588,000 deaths, of which 24,500 were liable estates, an increase of 1,300 or 5.6% since 2014/15. THE AMOUNT OF IHT COLLECTED: IHT receipts totalled £5.4bn in 2018/19. Up £200 million from the previous year. THE PROPORTION OF UK DEATHS LIABLE TO IHT: In 2015/16, 4.2% of UK deaths were liable to IHT, increasing slightly by 0.3 percentage points since 2014/15. This continues the longer term increase since 2008/09. SOURCE: INHERITANCE TAX STATISTICS 2015 TO 2016, HMRC, AUG 2018 Net estates above NRB After exemptions Increase from 2014/15 24,500 1,300 47,900 ESTATES LIABLE TO IHT IN 2015/16 SOURCE: INHERITANCE TAX STATISTICS 2015 TO 2016, HMRC, AUG 2018 2017/2018 2018/2019 2016/2017 £4.8bn £5.2bn £5.4bn IHT RECEIPTS PROPORTION OF UK DEATHS LIABLE TO IHT SOURCE: INHERITANCE TAX STATISTICS 2015 TO 2016, HMRC, AUG 2018 6,000 5,000 4,000 3,000 2,000 1,000 0 2001-02 2009-10 2005-06 2013-14 2002-03 2010-11 2006-07 2014-15 2003-04 2011-12 2007-08 2015-16 2004-05 2012-13 2008-09 2016-17 2017-18 IHT Receipts (£m) Proportion of UK deaths liable to IHT 6% 0% 1% 2% 3% 4% 5%