Nil rate band

The nil-rate band is the value of an estate that is not subject to Inheritance Tax in the United Kingdom.

In the 2009/10 tax year (ending 5 April 2010), the nil-rate band is £325,000^[1]. Chargeable lifetime transfers and the chargeable estate on death above this amount are liable for IHT.

Historical Rates

• 2010-11 £350,000 (s4 Finance Act 2007)^[2]
• 2009-10 £325,000 (s4 Finance Act 2007)
• 2008-09 £312,000 (s155 Finance Act 2006)
• 2007-08 £300,000 (s98 Finance Act 2005)
• 2006-07 £285,000

References

See also

• Inheritance Tax (United Kingdom)