|
2017-18
|
2016-17
|
Nil rate band
For 2017-18, a further nil rate band of £100,000 may be available in relation to current or former residences. Nil rate bands of surviving spouses/civil partners may be increased by unused nil rate bands of deceased spouses/civil partners.
|
|
£325,000
|
£325,000
|
|
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
|
|