Inheritance Tax Threshold 2024 . The standard inheritance tax threshold is £325,000. The 40 per cent charge is currently only for estates above £325,000, and it is only charged on the part of the estate.
The labour government is expected to make some significant changes to inheritance tax (iht) reliefs in the forthcoming autumn 2024 budget. Despite a headline rate of 40 per cent, the effective rate of inheritance tax.
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