Inheritance Tax Threshold 2024 Uk. By freezing thresholds, expanding the scope of taxable assets, and. Learn how the autumn 2024 budget affects inheritance tax (iht) thresholds, exemptions and reliefs for estates, pensions and family businesses.
The standard inheritance tax rate is 40%, and it only affects the portion of your estate that exceeds the threshold of ยฃ325,000. These reforms to inheritance tax mark a significant shift in the ukโs approach to taxing wealth transfers.
