Tax Information
Tax Rates for Inheritance Tax
Inheritance Tax:
The Inheritance Tax threshold (or ‘nil rate band’) is the amount up to which an estate will have no Inheritance Tax to pay.
If the estate – including any assets held in trust and gifts made within seven years of death – is more than the threshold, Inheritance Tax will be due at 40 per cent on the amount over the nil rate band. From 6 April 2012 people who leave 10 per cent or more of their net estate to charity can choose to pay a reduced rate of Inheritance Tax of 36 per cent.
Inheritance Tax thresholds
| From | To | Treshhold/nil rate band | 6 April 2019 | 5 April 2020 | £325,000 |
|---|---|---|
| 6 April 2018 | 5 April 2019 | £325,000 |
| 6 April 2017 | 5 April 2018 | £325,000 |
| 6 April 2009 | 5 April 2017 | £325,000 |
| 6 April 2008 | 5 April 2009 | £312,000 |
| 6 April 2007 | 5 April 2008 | £300,000 |
| 6 April 2006 | 5 April 2007 | £285,000 |
| 6 April 2005 | 5 April 2006 | £275,000 |
| 6 April 2004 | 5 April 2005 | £263,000 |
| 6 April 2003 | 5 April 2004 | £255,000 |
| 6 April 2002 | 5 April 2003 | £250,000 |
| 6 April 2001 | 5 April 2002 | £242,000 |
| 6 April 2000 | 5 April 2001 | £234,000 |
| 6 April 1999 | 5 April 2000 | £231,000 |
| 6 April 1998 | 5 April 2099 | £223,000 |
| 6 April 1997 | 5 April 1998 | £215,000 |
| 6 April 1996 | 5 April 1997 | £200,000 |
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Resources & Calculators
Useful Resources for Tax Planning
Personal Allowances
Personal Allowance is the amount of income a person can get before they pay tax. You can find the tables here.
National Insurance Thresholds
Personal, Self Employed and Employee National Insurance rates.
Coporation Tax
Tax rates for Corporation Tax.
Inheritance Tax
Tax rates for Inheritance Tax.
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