Archive Article: 1998/03/20

20 March 1998




Inheritance tax

THE zero rate band is increased by £8000 from Apr 6, 1998, to £223,000.

The rate above this threshold remains at 40%. Business and agricultural property relief are unaltered.

Potentially exempt transfers, where the donor must survive for 7 years to avoid tax on the transfer, will be retained.


See more