Tel: 01362 851718 Email:
You are here: Home
Nil rate band for individuals*
Thereafter - lifetime gifts**
- lower rate on death***
- on death
Residence nil rate band****
* Unused nil rate band can be used by surviving spouse or civil partner. This band is currently frozen until April 2021.
** Increased to 40%, subject to tapering relief, on gifts made between 3 and 7 years pre death. Certain lifetime gifts are exempt. Special rules for business property.
*** A lower rate applies where 10% or more of the net estate is left to charity.
**** A new inheritance tax main residence nil-rate band (MRNRB) will be introduced from April 2017. The MRNRB will eventually allow for a £175,000 per person transferable allowance for married couples and civil partners when their main residence is passed down to children after their death. The MRNRB is in addition to the existing £325,000 inheritance tax threshold.
Years before death
% of death charge
Main exempt lifetime gifts
Recurring annual gifts out of surplus income
Annual gifts out of capital (with one year carry forward if unused)
Small gifts (per recipient)
Parental gift on marriage
Grandparent or party to marriage
Other gifts on marriage (per donor)
Business Property Relief
Shares in unquoted companies (including USM/AIM stocks)
Shares in quoted companies
- shareholding up to 50%
- shareholding over 50%
Unincorporated business or interest in a business
Land, buildings, plant and machinery used in the deceased’s business/company
Disclaimer In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually, and unintentional errors can occur, and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read - contact us first for advice on how it may affect your individual circumstances.
DC Business centre
10 Charles Wood Road
Rashes Green Industrial Estate
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!