|
|
|
Death Rate
%
|
Lifetime Rate
%
|
2005/06
£’000
|
2004/05
£’000
|
|
Nil
|
Nil
|
0 - 275
|
0 - 263
|
|
40
|
20
|
Over 275
|
Over 263
|
|
|
|
|
|
|
| Reliefs |
| Annual exemption |
£3,000 |
Marriage |
- parent |
£5,000 |
| Small gifts |
£250 |
|
- grandparent |
£2,500 |
|
|
|
|
- bride/groom |
£2,500 |
|
|
|
|
- other |
£1,000 |
|
|
|
|
|
|
| Reduced charge on gifts within seven years of death |
| Years before death |
0-3
|
3-4
|
4-5
|
5-6
|
6-7
|
| % of death charge |
100
|
80
|
60
|
40
|
20
|
|
 |
tax rates & reliefs,
tax credits,
pension premiums,
fuel benefits,
mileage allowance,
ISAs,
corporation tax,
capital allowances,
value added tax,
capital gains
tax,
inheritance tax,
stamp duty tax,
national insurance,
social security,
self assessment.
|
 |
| Please
contact us if you wish to discuss any matters raised. |
|
 |
|
