|
|
2016-17
|
2015-16
|
|
Standard threshold
|
|
£325,000
|
£325,000
|
|
Combined threshold maximum
|
|
£650,000
|
£650,000
|
|
for married couples and civil partners
|
|
|
|
|
Rate of tax on balance:
|
|
|
|
|
|
Chargeable lifetime transfers
|
|
20%
|
|
20%
|
|
Transfers on or within 7 years of , death
|
|
40%
|
|
40%
|
|
subject to a tapered reduction for transfers between 7 and 3 years before death
Exemptions may be available; please contact us for relevant information and advice
|
|
