2015/16 Inheritance Tax
|Combined threshold maximum for married couples and civil partners||£650,000||£650,000|
|Rate of tax on balance: Chargeable lifetime transfers||20%||20%|
|Rate of tax on balance: Transfers on, or within 7 years of, death*||40%||40%|
* Subject to a tapered reduction for transfers between 7 and 3 years before death.
Exemptions may be available; please contact us for relevant information and advice.