Inheritance Tax



 

Transfers on or within 7 years before death

 

 

 

 

2016/17

2015/16

 

 

 

Nil Rate Band

£325,000

£325,000

 

 

 

Rate of tax on amounts above nil rate band

40%

40%

 

 

 

Chargeable lifetime transfers

20%

20%

 

 

 

The residential enhancement to the nil rate band will be introduced from 6 April 2017. This will increase from £100,000 to £125,000 over the course of the Parliament.

Office Information

Williams Knowles & Co

Lloyd Chambers

139 Carlton Road

Worksop

S81 7AD

 

Telephone:  (01909) 500232

 

Facsimile:    (01909) 473544

 

Email: williamsknowlesco@

           btopenworld.com

 

Office hours:

 

Monday to Friday 9am to 5pm

 

Other times are available by appointment