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Inheritance tax (IHT) receipts for April 2022 were £0.5bn, which is £10m higher than in the same period a year earlier, latest data from HM Revenue & Customs (HMRC) revealed.

United kingdomJulia rosenbloomRosie hooperSmith williamsonAndrew tullyLiz ritchieTilney smith williamsonOr family investment companyOffice for budget responsibilityFamily investment companyTilney smithBudget responsibilityPotentially exempt transfersChargeable lifetime transfersFamily investmentBusiness relief