2016/17 Inheritance Tax

  2016-17 2015-16
Standard threshold £325,000 £325,000
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%

 

Exemptions may be available; please contact us for relevant information and advice.