What is the tax rate?
Inheritance tax is charged at the following rates on death:
| Net taxable estate | Tax rate |
|---|---|
| £0 – £325,000 | 0% (this is known as the nil-rate band) |
| £325,001 + | 40% |
Inheritance tax is charged at the following rates on death:
| Net taxable estate | Tax rate |
|---|---|
| £0 – £325,000 | 0% (this is known as the nil-rate band) |
| £325,001 + | 40% |