Barrys Accountants Limited Tax Facts » Inheritance Tax
 

Inheritance Tax

Transfers made after 5 April 2008 and before 6 April 2009

Death Rates

Gross transferRate %
Up to £312,000Nil
Over £312,00040

Unused nil rate band is transferable to spouse or civil partner.

Chargeable lifetime transfers are initially charged at 20%. Annual gifts of up to £3,000 per donor are exempt

 
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