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The number of families claiming back inheritance tax has rocketed since the start of the COVID-19 pandemic and the ensuing financial turmoil. According to a Freedom of Information request from Quilter, HMRC made 9,864 inheritance tax (IHT) repayments in the 2019-20 tax year, a 66 percent increase on 5,949 paid the tax year before.

Elizabeth Neale, Partner in our private wealth team, comments on this in an article eprivateclient.

The full article is available to subscribers of eprivateclient, here.

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