Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the revenue to the Exchequer from inheritance tax in the next five years.

The Office for Budget Responsibility (OBR) publishes its forecasts for receipts from Inheritance Tax (IHT) at each fiscal event in its ‘Economic and fiscal outlook’ publication. The most recent forecast was published alongside the Chancellor’s Autumn Budget, on 27 October 2021.

The OBR’s forecast for IHT receipts received by HMRC is reproduced in the table below, for each of the next five full forecast years after the current year. The last two years of outturn receipts have also been included for comparison.

Source: OBR Economic and fiscal outlook, Table 3.4: Current receipts: https://obr.uk/efo/economic-and-fiscal-outlook-october-2021/.