Inheritance Tax

Tax rate0%40%
2019/2020* £0-325,000 £325,001 and over
2018/2019* £0-325,000 £325,001 and over
2017/2018* £0-325,000 £325,001 and over
2016/2017* £0-325,000 £325,001 and over
2015/2016* £0-325,000 £325,001 and over
2014/2015* £0-325,000 £325,001 and over
2013/2014* £0-325,000 £325,001 and over
2012/2013* £0-325,000 £325,001 and over
2011/2012 £0-325,000 £325,001 and over
2010/2011 £0-325,000 £325,001 and over
2009/2010 £0-325,000 £325,001 and over
2008/2009 £0-312,000 £312,001 and over
2007/2008 £0-300,000 £300,001 and over
2006/2007 £0-285,000 £285,001 and over
2005/2006 £0-275,000 £275,001 and over
2004/2005 £0-263,000 £263,001 and over
2003/2004 £0-255,000 £255,001 and over
2002/2003 £0-250,000 £250,001 and over
2001/2000 £0-242,000 £242,001 and over

* For deaths on or after 6 April 2012, a lower rate of Inheritance tax of 36% will apply where 10% or more of the deceased person's net estate is left to charity.

 

Last updated: 30 Oct 2018

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.