HM Revenue & Customs (HMRC) has significantly increased the number of inheritance tax (IHT) investigations, launching 4,171 inquiries in the year up to April 2025, a 37% increase from the previous year. This uptick highlights HMRC's commitment to recovering funds lost through underreporting or estate undervaluation. Factors contributing to this surge include higher property values and frozen tax thresholds. Experts indicate that investigations are often triggered by undervalued properties and overlooked assets, with HMRC employing advanced data analysis to ensure accurate tax reporting.
"The tax office has significant powers at its disposal, and we've seen a notable rise in the number of cases where HMRC is using detailed data..."
"The rise in investigations was driven in part by greater access to data and increasingly sophisticated analytics..."
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