Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many estates notified for probate and valued up to £1 million paid no inheritance tax in each year since May 2010.

Estimates of the numbers of estates with values up to £1million notified to HMRC that are not liable to Inheritance Tax for deaths in years up to 2011/12 (the latest year for which information is currently available) have been published at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/338970/140729Table12-3DUChecked.pdf.

Many of the estates in this table with a ‘net estate’ value of more than the Inheritance Tax threshold (including any unused amount transferred from a deceased spouse or civil partner) do not have a liability because of the availability of reliefs and exemptions, which will reduce the net estate value to below this threshold.