Inheritance‑tax take hits £1.5bn in two months as flight of non‑doms casts doubt on future revenues

Inheritance tax revenue reached 1.5 billion pounds in April and May, the first two months of the tax year 2025-26, and HM Revenue & Customs revealed on Thursday.

This number is above 98 million pounds from what it was in the same period last year and maintains a tax on its long upward path.

However, the last increase comes completely as the ministers weighing a rethinking of one of the most controversial reforms: expanding the inheritance tax to the global real estate of the non -street population. This procedure, which was announced earlier this year, is expected to collect about 430 million pounds annually, is now reviewed amid reports of the exit from the wealthy.

“If the rumors are correct, then the advisor is considering burning U,” said Nicholas Hight, investment manager at Wealth Club. “This will not reduce the additional revenues that HMRC was, but also highlights the broader economic cost of the leadership of the wealthy international population – spending, investment and charitable work.”

Hait argued that imposing a 40 percent inheritance fee on global origins has always been the easiest to change for the superior singer in the disposal: “They must be high horse in London; huge marriage can live anywhere. The UK is attractive, but it is not attractive enough to surrender 40 percent of the family.”

Advisors notes to the non -delegate that up to 30 percent of customers actively transfer or think about moving to more convenient tax systems. Even if the cabinet was again, Hit warned, “The horse has withdrawn – the plans and confidence in Britain’s stability has been made.”

The discussion has been overcome by new speculation that the ministers may be relieved of relief from inheritance on the shares listed in the Junior Aim market in London, just months after the relief reduced in half. “This will be a terrible news of the goal,” said Hyett. “Continuous absurdity creates exactly the kind of uncertainty that deter in the long -term investment in the smaller UK companies.”

With receipts climbing, but the high taxpayers heading to go out, the government faces a dilemma: moving forward with reforms in seeking additional revenues, or returning calibration to preserve mobile wealth worldwide – and the broader economic benefits it brings – on British soil.