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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
The threshold for inheritance tax was increased in the 2006 budget - what is the figure now? |
The threshold for inheritance tax was increased in the 2006 budget - what is the figure now? You'll find all the rates at www.hmrc.gov.uk You will find that it is probably still 拢275,000. The increase in the Budget is spread over the next three years to 拢375,000. (Part may have come in this year)............... Just type in inheritance tax, and you will go to the government pages, it's a minefield, I have just recieved a inheritance, and my argument is, it was shared between me and 2 sisters, sepratley we do not hit the 拢275.000 but together we do, and it's the total they go on..... The nil rate bands announced in the Finance Bill 2006 are: Year Nil Rate Band 2006/7 拢285,000 2007/8 拢300,000 2008/9 拢312,000 2009/10 拢325,000 Finance bill 2006 |
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