Inheritance tax warning: More families ‘will be forced to pay’ after Rishi Sunak move

Inheritance tax labelled ‘unfair’ and ‘cruel’ by expert

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UK residents paid out a record amount of inheritance tax in July after the number of coronavirus deaths soared. According to new figures published by the Office for National Statistics (ONS), receipts from the 40 percent death duty hit £571million in last month, marking the most ever paid in a single month. The increase means that the Treasury has taken £2.1billion since the start of the new tax year in April, £500m more than the same period last year.

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