Inheritance Tax

Tax Rates2017/182016/17
Nil-rate band*£325,000£325,000
Residence nil-rate band**£100,000**N/A
Rate of tax on excess40%40%
Rate if at least 10& of net estate left to charity36%36%
Lifetime transfers to and from certain trusts20%20%
Overseas domiciled spouse/civil partner exemption£325,000£325,000


  • *up to 100% of the unused portion of a deceased spouse/civil partner’s nil-rate band can be claimed on the survivors’s death
  • 100% relief: businesses, unlisted/AIM companies, certain farmland/buildings
  • 50% relief: certain other business assets e.g. farmland let pre 1/9/95
  • **subject to 50% taper relief for estates above £2,000,000

Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+
  • Don’t hesitate to ask

    SBL are here to help. With accountancy advice and tax planning experts on hand to guide you and your business on the pathway to success! You can call us on 020 7580 6822, or email us on or if you’d prefer you can complete our Free Online Enquiry Form and one of the team will be in touch shortly.

    Don’t hesitate to ask

    Don’t hesitate to ask section
    • This field is for validation purposes and should be left unchanged.