The current Inheritance Tax threshold, known as the nil-rate band, is £325,000 per individual. Amounts above this threshold are subject to IHT at a rate of 40%. Additional thresholds and exemptions may apply in certain circumstances.
The current Inheritance Tax threshold, known as the nil-rate band, is £325,000 per individual. Amounts above this threshold are subject to IHT at a rate of 40%. Additional thresholds and exemptions may apply in certain circumstances.