HMRC has published its annual Inheritance Tax liabilities statistics for the 2023 to 2024 tax year, providing detailed data on estates and trusts subject to IHT. The report details the use of available tax reliefs and exemptions, breakdowns of asset composition in deceased estates, and liability information aligned to the year in which the deceased passed away. This accredited official statistics release offers customs and logistics professionals insight into IHT treatment patterns affecting cross-border estate administration and trust compliance.
Source: HMRC (GOV.UK) – Read the original