Inheritance tax (IHT)
| Value of estate | Tax rate |
| £1 – £325,000 (known as IHT threshold or nil rate band) | 0% |
| Over £325,000 | 40% |
| Tax year | Residence nil rate band |
| 2017/18 | £100,000 |
| 2018/19 | £125,000 |
| 2019/20 | £150,000 |
| 2020/21 | £175,000 |
| 2021/22 | £175,000 |
Please visit the HMRC website for more information
Inheritance tax (IHT)