HMRC Inheritance Tax take soars above £5 billion for the first time

In the year to May 2017, inheritance tax (IHT) collected by HMRC rose by 9% on the previous year, from £4.7 billion to £5.1 billion.

The number of family estates subject to IHT has quadrupled since 2010, from 10,000 to 40,000.

An investment in UK commercial forestry provides 100% from IHT, after two years of ownership. Some renewable energy investments also qualify for IHT relief.