How Much Is Inheritance Tax 2024 Uk. This represents 0.7 per cent of all receipts and is equivalent to 0.3 per cent of national income. In the current tax year, 2024/25, no inheritance tax is due on the first ยฃ325,000 of any estate, with 40% normally being charged on any amount.
The standard inheritance tax rate is 40%. Inheritance tax (iht) is a tax on the estate of someone who has died, including all property, possessions and money.
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