Financial Thresholds

1 Posts
1 Sections
1 Types

Definitions

Nil-Rate Band Inheritance Tax Chargeable Transfer Estate Planning Financial Thresholds Spousal Transfer Civil Partners Tax Planning

The first portion of a chargeable transfer or the estate on death that is subject to a nil rate of inheritance tax. For 2016-17, the nil-rate band is £325,000. From April 2008, it became possible for spouses and civil partners to transfer their nil-rate band to the surviving partner on death, thereby effectively raising the threshold at which tax becomes payable to £650,000.