Inheritance Tax
| 2010/11 | 2009/10 | |
|---|---|---|
| Nil rate band threshold (NRB) | 325,000 | 325,000 |
| Rates of inheritance tax: | ||
| Up to NRB | 0% | 7/400 |
| Chargeable lifetime gifts in excess of NRB | 20% | 20% |
| On death in excess of NRB | 40% | 40% |
| 2010/11 | 2009/10 | |
|---|---|---|
| Nil rate band threshold (NRB) | 325,000 | 325,000 |
| Rates of inheritance tax: | ||
| Up to NRB | 0% | 7/400 |
| Chargeable lifetime gifts in excess of NRB | 20% | 20% |
| On death in excess of NRB | 40% | 40% |