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Autumn Statement: Gov't raises IHT nil rate band to £329k
by William Robins on Dec 05, 2012 at 13:40
The inheritance tax (IHT) nil rate band will increase by 1% in 2015-16 to £329,000, the government has announced.
The IHT nil rate band has been frozen since 2009 at £325,000. The government said the measure would raise an extra £35 million by 2017-18.
The threshold was frozen in the 2010 Budget until 2014-15. If the estate is more than the threshold, IHT is charged at 40% on the amount over the nil rate band.
From April 2012 anyone who leaves over 10% of their estate to charity can choose to pay a reduced rate of 36%.
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FCA urged to clarify platform promotion rules
by Michelle Abrego on Jun 19, 2013 at 15:33
5 comments so far. Why not have your say?
Phil Castle
Dec 05, 2012 at 14:46
Pointless....
report thisGraham Burgin
Dec 05, 2012 at 15:19
Its a worry that the chancellor thinks 1% of £325,000 is £4,000!!!!
report thisMan of Kent
Dec 05, 2012 at 15:58
Hurrah! My children are saved.
report thisLyndon Edwards
Dec 05, 2012 at 18:35
Why would anyone choose NOT to pay a reduced rate of 36%????
report thisMarket Man
Dec 06, 2012 at 08:26
At least we all know where we stand and can forget about the Govt taking clients out of the net with a £1m NRB as previous speculation has suggested might happen. Off to find a BPR-based investement solution to give my clients a 100% exemption..
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