|Death Rate||Lifetime Rate||2017/18||2016/17|
|Nil||Nil||0 - 325||0 - 325**|
|40 *||20||Over 325||Over 325|
|Annual exemption||£3,000||Marriage||- parent||£5000|
|Small gifts||£250||- grandparent||£2,500|
* A reduced rate of 36% applies where 10% or more of the deceased's estate (after deducting nil rate bands and reliefs) is left to charity.
** From April 2017, a new additional nil rate band will be available to cover the family home. This will be phased in beginning at £100,000 per individual and increasing by £25,000 each year until it reaches £175,000. Restriction applies to estates of £2 million or more.
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