Inheritance Tax |
|
|
2010-11 |
2009-10 |
| Standard threshold |
|
£325,000 |
£325,000 |
| Combined threshold maximum for married couples and civil partners |
|
£650,000 |
£650,000 |
| Rate of tax on balance: |
|
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|
|
|
| Chargeable lifetime transfers |
|
20% |
20% |
| Transfers on, or within 7 years of, death |
|
40% |
40% |
| subject to a tapered reduction for transfers between 7 and 3 years before death |
| Exemptions may be available; please contact us for relevant information. | |
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