Adviser platform Transact has created an inheritance tax index to enable advisers to track IHT liability trends with their clients.

Property made up half the wealth of estates paying inheritance tax (IHT) in London in 2019-20.

Inheritance tax receipts have continued to soar for the government, with an expectation of further rises due to thresholds being frozen until 2028.

Inheritance tax (IHT) receipts leapt to £4.1bn between April and October, according to figures released by HMRC today.