Inheritance Tax is affecting more and more people, but how much do you know about Inheritance Tax? ... Will it be applied to your estate?... How much tax will need to be paid by your beneficiaries?... Inheritance Tax is one of the highest rates of tax in the UK and in the 2024/25 tax year Inheritance Tax receipts by HMRC totalled a staggering £8.2 billion (source: www.gov.uk). You may be wondering what you can do to mitigate any potential Inheritance Tax liability, or mayb