Inheritance Tax Threshold 2025 Scotland . Inheritance Tax Threshold 2024 Scotland Charil Etheline Inheritance Tax is paid when a person's estate is worth more than £325,000 when they die. The standard inheritance tax rate is 40% of anything in your estate over the £325,000 threshold.
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What Is the Inheritance Tax Threshold? In 2025, individuals are taxed at a rate of 40% on any assets exceeding £325,000 - a figure known as the nil-rate band Everyone in the 2024-25 tax year has a tax-free inheritance tax allowance of £325,000 - known as the nil-rate band
What is Inheritance Tax Threshold in the UK? CruseBurke For the tax year 2024-2025, this threshold is £325,000. However, this 40% rate is only charged on the portion of the estate that exceeds the threshold That means the first £325,000 is free from inheritance tax but any assets over this value will be subject to IHT at 40%
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