2018/19 Amount £
Nil rate band £325,000
A further nil rate band of £125,00 may be available to former or current residences. Nil rate bands of surviving spouses/civil partners may be increased by unused nil rate bands of deceased spouses/civil partners.
Rate of tax on balance: Percentage %
Chargeable lifetime transfers 20%
Transfers on, or within 7 years of, death* 40%
*subject to a tapered reduction for transfers between 7 and 3 years before death. Exemptions may be available; please contact us for relevant information and advice.