Inheritance tax thresholds
| 2011/12 | 2010/11 | 2009/10 | 2008/09 | |
| Nil-rate band* | £325,000 | £325,000 | £325,000 | 312,000 |
| Lifetime rate | 20% | 20% | 20% | 20% |
| Death rate | 40% | 40% | 40% | 40% |
| *Increased by any unused portion of a deceased spouse or civil partner’s nil rate band | ||||
- Transfers between UK domiciled spouses/civil partners are exempt.
- If the transferee is non-UK domiciled only the first £55,000 is exempt.
From 2012/13 it is proposed that if you donate 10% to charity and your IHT rate decreases by 10% too to 36%.
