Inheritance Tax (“IHT”)
The nil-rate band, or lifetime allowance, has been £325,000 since 6 April 2010. In the Budget on 3 March 2021 it was confirmed that the lifetime allowance would continue to be maintained at this level until 5 April 2026.
This tax planner is for general guidance only – action should not be taken without specific advice.
This tax planner does not take account of Scottish or other devolved government changes to the standard UK tax. Should you require further information, please contact us.