small logo
CHARTERED ACCOUNTANTS
CHARTERED TAX ADVISORS
   
  > Home > Resources > Tax Rates & Allowances > Inheritance Tax  

Inheritance Tax

Years to

Death Rate

Lifetime Rate

2010/11

2009/10

£

%

£'000

£'000

Nil

Nil

0 - 325*

0 - 325*

40

20

Over 325*

Over 325*

*Potentially increased for surviving spouses or civil partners who die on or after 9 October 2007.

Reliefs:

 
   

Annual exemption

£3,000

Marriage

- parent

£5,000

Small gifts

£250

 

- grandparent

£2,500

 

  

- bride/groom

£2,500

 

  

- other

£1,000


Reduced charge on gifts within seven years of death:

Years before death

0-3

3-4

4-5

5-6

6-7

% of death charge

100

80

60

40

20

TOP

Barrette is a trading name of BARRETTE LIMITED Registered in England and Wales NO 06723046
Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisors
All contents © copyright 2010 Barretteaccounts.com All rights reserved