Rate of IHT Print
Subject to the allowances and reliefs discussed below, IHT is charged at the rate of 40%. Where 10% or more of a component of the deceased’s estate is left to charity, that component will be charged at 36%. For these purposes there are three components, being:
- Assets owned jointly passing to the survivor;
- Settled property in which the deceased had an interest in possession, and
- The general component being the free estate other than the 2 components above.