|Rate of tax on excess||40% †||40% †|
|Lifetime transfers to and from certain trusts||20%||20%|
|Exemption for non-UK domiciled spouse/civil partner||£325,000||£325,000|
|100% relief: businesses, unlisted and AIM companies,
certain farmland and farm buildings.
|50% relief: certain other business assets, e.g. farmland let pre-1/9/95.|
|* Up to 100% of the unused proportion of a deceased spouse’s/civil partner’s nil-rate band can be claimed on the survivor’s death.
† 36% where at least 10% of net estate left to charity.
|Tax charge on gifts within 7 years of death|
|Years before death:||0-3||3-4||4-5||5-6||6-7|
|% of death tax charge:||100||80||60||40||20|