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