Inheritance  tax threshold
 
From To Amount (£)
6 April 2009 - 325 000
6 April 2008 5 April 2009 312 000
6 April 2007 5 April 2008 300 000
6 April 2006 5 April 2007 285 000
6 April 2005 5 April 2006 275 000
6 April 2004 5 April 2005 263 000
6 April 2003 5 April 2004 255 000

The Inheritance Tax threshold (or ‘nil rate band’) is the amount up to which an estate will have no Inheritance Tax to pay. 

If the estate – including any assets held in trust and gifts made within seven years of death – is more than the threshold, Inheritance Tax will be due at 40 per cent on the amount over the nil rate band.
 

 

 

 

 

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