Inheritance Tax
Inheritance Tax is a tax on the estate of someone who has died. This includes money, property and other assets. The standard inheritance tax rate is 40% of anything in the estate over the £325,000 threshold.
| Tax rate | 0% | 40% |
| 2025/26* | £0-325,000 | £325,001 and over |
| 2024/25* | £0-325,000 | £325,001 and over |
| 2023/24* | £0-325,000 | £325,001 and over |
| 2022/23* | £0-325,000 | £325,001 and over |
| 2021/22* | £0-325,000 | £325,001 and over |
| 2020/21* | £0-325,000 | £325,001 and over |
| 2019/20* | £0-325,000 | £325,001 and over |
| 2018/19* | £0-325,000 | £325,001 and over |
| 2017/18* | £0-325,000 | £325,001 and over |
| 2016/17* | £0-325,000 | £325,001 and over |
| 2015/16* | £0-325,000 | £325,001 and over |
| 2014/15* | £0-325,000 | £325,001 and over |
| 2013/14* | £0-325,000 | £325,001 and over |
| 2012/13* | £0-325,000 | £325,001 and over |
| 2011/12 | £0-325,000 | £325,001 and over |
| 2010/11 | £0-325,000 | £325,001 and over |
| 2009/10 | £0-325,000 | £325,001 and over |
| 2008/09 | £0-312,000 | £312,001 and over |
| 2007/08 | £0-300,000 | £300,001 and over |
| 2006/07 | £0-285,000 | £285,001 and over |
| 2005/06 | £0-275,000 | £275,001 and over |
| 2004/05 | £0-263,000 | £263,001 and over |
| 2003/04 | £0-255,000 | £255,001 and over |
| 2002/03 | £0-250,000 | £250,001 and over |
| 2001/02 | £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.
Further information
Disclaimer
The information provided is based on our current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.
All references to taxation are based on our understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances of the investor.