Rates and Allowances - Inheritance tax
Year |
Amount (£) |
|---|---|
2008-09 |
up to 312,000 |
2007-08 |
up to 300 000 |
2006-07 |
up to 285 000 |
2005-06 |
up to 275 000 |
2004-05 |
up to 263 000 |
Any excess value above the nil-rate band is liable to inheritance tax at 40%. For further inforrmation about nil rate bands see HMRC Inheritance Tax: Customer Guide.
