Budget 2012 – Annual Tax Rates and Allowances

Inheritance Tax - Budget 210 - GT

Inheritance Tax

Cumulative transfers on death

From 6 April 2010 Rate
£1-325,0001 nil
over £325,000 40%2

1 On death of surviving spouse or civil partner, may be increased by the additional percentage of nil-rate band unused on earlier death of spouse or civil partner.
2 A rate of 36% applies where 10% or more of the deceased person’s net estate is left to charity.

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