Inheritance Tax Budget 2024 Uk

Inheritance Tax Budget 2024 Uk. In the current tax year, 2024/25, no inheritance tax is due on the first £325,000 of any estate, with 40% normally being charged on any amount above that. From 6 april 2025, the test for.

This explainer sets out some of the. Inheritance tax is a levy applied to the estate of someone who has died, but only around 4 per cent of families end up paying it, as most estates fall below the tax threshold.