John Kelly was our first accountant and then financial advisor and has been very helpful and pro-active in management of both aspects of our business and personal finanaces.We could thoroughly recommend him to other businesses and private individuals.
|
Inheritance tax 2009 |
|
|
Rates on cumulative transfers |
% |
|
First £325,000 |
nil |
|
Excess |
40 |
|
Exemptions |
% |
|
Annual gifts per donor |
3,000 |
|
Small gifts per donee |
250 |
|
For marriage/civil partnership |
|
|
– parent |
5,000 |
|
– grandparent |
2,500 |
|
– other |
1,000 |
|
Gifts to individuals and certain trusts made more than seven years before death. |
exempt |
|
Charge on gifts within seven years of death |
|
Intervening years |
0 - 3 |
3 - 4 |
4 - 5 |
5 - 6 |
6 - 7 |
|
% of full charge |
100 |
80 |
60 |
40 |
20 |
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