Chargeable Transfers | |||
Death Rate | Lifetime Rate | 2016/17 | 2017/18 |
% | % | £’000 | £’000 |
Nil | Nil | 0-325 | 0-325 |
40 | 20 | Over 325 | Over 325 |
Reliefs
Annual exemption | £3,000 | |
Small gifts | £250 | |
Marriage | parent | £5,000 |
grandparent | £2,500 | |
bride/groom | £2,500 | |
other | £1,000 |
For further information on Inheritance Tax please Contact Us.