|Charges on or after 6th April 2009||Rates %|
|0 – £325,000||NIL||Nil band frozen|
|Above £325,000||40%||until 2014/15|
|Lifetime chargeable transfers at half the death rate, ie 20%.|
Business property relief of 100% for all shareholdings in qualifying unquoted trading companies and for most unincorporated trading businesses; agricultural property relief at 100% for qualifying holdings of agricultural land.
Annual exemption for lifetime gifts £3,000.
Small gifts – annual amount per donee £250.
|Tapering relief applies to reduce the tax on transfers within 7 years of death. The reduction in tax is 20% for suvivorship of 3-4 years, 40% for 4-5 years, 60% for 5-6 years and 80% for 6-7 years.|