diff --git a/src/rockgarden/obsidian/inline_tags.py b/src/rockgarden/obsidian/inline_tags.py
index 7f2be84..e33b946 100644
--- a/src/rockgarden/obsidian/inline_tags.py
+++ b/src/rockgarden/obsidian/inline_tags.py
@@ -9,7 +9,7 @@
 
 from rockgarden.urls import get_tag_url, normalize_tag
 
-INLINE_TAG_PATTERN = re.compile(r"(?<!\w)#([a-zA-Z][\w-]*(?:/[\w-]+)*)")
+INLINE_TAG_PATTERN = re.compile(r"(?<![\w&])#([a-zA-Z][\w-]*(?:/[\w-]+)*)")
 # Protect code blocks AND markdown links from tag extraction
 PROTECTED_PATTERN = re.compile(
     r"```[\s\S]*?```|~~~[\s\S]*?~~~|`[^`\n]+`|\[[^\]]*\]\([^)]*\)"
diff --git a/tests/test_inline_tags.py b/tests/test_inline_tags.py
index 7ea3d09..eb51caa 100644
--- a/tests/test_inline_tags.py
+++ b/tests/test_inline_tags.py
@@ -74,6 +74,19 @@ def test_not_in_anchor_link(self):
         assert tags == []
         assert content == "[Jump](#introduction)"
 
+    def test_not_in_html_entity(self):
+        content, tags = extract_inline_tags("Freemen&#x27;s Wood")
+        assert tags == []
+        assert content == "Freemen&#x27;s Wood"
+
+    def test_not_in_numeric_html_entity(self):
+        content, tags = extract_inline_tags("&#xABCD;")
+        assert tags == []
+
+    def test_tag_after_html_entity_still_works(self):
+        content, tags = extract_inline_tags("Tom&#x27;s #python notes")
+        assert tags == ["python"]
+
     def test_not_in_markdown_link_text(self):
         content, tags = extract_inline_tags("[text with #python](http://example.com)")
         assert tags == []