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2017-18
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2016-17
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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.
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£325,000
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£325,000
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Rate of tax on balance:
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Chargeable lifetime transfers
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20%
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20%
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Transfers on or within 7 years of , death
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40%
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40%
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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
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