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Tax

Inheritance tax bill surpasses £6bn for first time

It comes as the impact of the pandemic and ‘record high’ property prices have seen a ‘larger than usual’ number of estates become liable for the tax over the period

The amount of inheritance tax paid by taxpayers soared by 19% to more than £6bn for the first time ever, according to UHY Hacker Young, with the amount increasing from £5.04bn to £6.01bn in the last 12 months alone.

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