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.

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