Inheritance Tax

Tax Rates2019/202018/19
Nil-rate band*£325,000£325,000
Residence nil-rate band**£150,000 £125,000
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

  • 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.

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