Inheritance tax thresholds

admin — Wed, 05 May 2010 14:17:43 +0000

	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%.

Taxation

admin — Thu, 29 Apr 2010 10:53:14 +0000

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Inheritance tax thresholds

Taxation