Maidment Judd Chartered Accountants
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08/09 Inheritance Tax
   
Chargeable Transfers
Death Rate
%
Lifetime Rate
%
2008/09
£’000
2007/08
£’000
Nil
Nil
0 - 312
0 - 300
40
20
Over 312
Over 300
Reliefs        
Annual exemption £3,000 Marriage - parent £5,000
Small gifts £250   - grandparent £2,500
      - bride/groom £2,500
    - other £1,000
Reduced charge on gifts within seven years of death
Years before death
0-3
3-4
4-5
5-6
6-7
% of death charge
100
80
60
40
20

 

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