Death tax snares thousands more as £3.7billion collected from inheritances in 2014

‘The taxman raked in £3.7billion in inheritance tax last year – an increase of £400million on 2013.

The steep rise – 11 per cent year on year – shows tens of thousands of middle-income families are being dragged into paying a levy once intended for the wealthy.

It will strengthen calls for the next Government to raise the threshold for inheritance tax, which has remained unchanged since 2009.’

Read more: Death tax snares thousands more as £3.7billion collected from inheritances in 2014