Nil rate band

From Wikipedia, the free encyclopedia
Jump to: navigation, search

The nil-rate band is the value of an estate that is not subject to Inheritance Tax in the United Kingdom. Chargeable lifetime transfers and the chargeable estate on death above this amount are liable for IHT.

Historical Rates[edit]

  • 2010-11 £350,000 (s4 Finance Act 2007)[1]
  • 2009-10 £325,000 (s4 Finance Act 2007)
  • 2008-09 £312,000 (s155 Finance Act 2006)
  • 2007-08 £300,000 (s98 Finance Act 2005)
  • 2006-07 £285,000

References[edit]

See also[edit]