Rates of inheritance tax since its introduction Year 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 Standard 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 40 Highera 45-60a 50-60d — — — — — — — — — — — — — — — — — — — — — Lowerb 30-35b 30e — — — — — — — — — — — — — — — — — — — — — Thresholdc £71,000 £90,000 £110,000 £118,000 £128,000 £140,000 £150,000 £150,000 £150,000 £154,000 £200,000 £215,000 £223,000 £231,000 £234,000 £242,000 £250,000 £255,000 £263,000 £275,000 £285,000 £300,000 £312,000
Source: HM Revenue and Customs Statistics: historical rates from http://www.hmrc.gov.uk/stats/inheritance_tax/table a8.pdf; current rates from http://www.hmrc.gov.uk/rates/inheritance.htm Footnotes (a) In 1986-87, there were four higher rates of inheritance tax at 45%, 50%, 55% and 60%. The rate of 45% was charged on the portion of an estate's value between £164,000 and £206,000, the 50% rate was charged between £206,000 and £257,000, the 55% rate was charged between £257,000 and £317,000 and the 60% rate was charged on the value of an estate above £317,000. (b) In 1986-87, there were two lower rates of inheritance tax of 30% and 35%. The rate of 30% was charged on the portion of an estate's value between £71,000 and £95,000 and the 35% rate was charged between £95,000 and £129,000. (c) From 9 October 2007, this threshold is increased by any unused proportion of a deceased spouse or civil partner's nil-rate band (even if the first partner died before 9 October 2007). (d) In 1987-88, there were two higher rates of 50% and 60%. The 50% rate was charged on that part of an estate's value between £220,000 and £330,000 and the 60% rate was charged on the value of an estate above £330,000. (e) Payable on the part of an estate's value between £90,000 and £140,000. (f) Please note that an earlier version of this table gave incorrect values for the threshold for the years 1989/90 to 1993/94.
nheritance_tax/table -
te of 45% was harged between % rate was charged
as charged on the n £95,000 and
use or civil partner's
part of an estate's bove £330,000.
ears 1989/90 to
Rates of capital transfer tax from its introduction to its abolition Year 1975-76 1976-77 1977-78a 1978-79 1979-80 1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 10% £10,000 £10,000 £25,000 £25,000 £25,000 — — — — — — 15% £20,000 £20,000 £30,000 £30,000 £30,000 — — — — — — 20% £25,000 £25,000 £35,000 £35,000 £35,000 — — — — — — 25% £30,000 £30,000 £40,000 £40,000 £40,000 — — — — — — 30% £40,000 £40,000 £50,000 £50,000 £50,000 £50,000 £50,000 £55,000 £60,000 £64,000 £67,000 35% £50,000 £50,000 £60,000 £60,000 £60,000 £60,000 £60,000 £75,000 £80,000 £85,000 £89,000 40% £60,000 £60,000 £70,000 £70,000 £70,000 £70,000 £70,000 £100,000 £110,000 £116,000 £122,000
Percentage rate charged on part of capital transfer above threshold sh
Source: Tolley's Inheritance Tax 1986-87. Footnotes (a) Effective from October 1977
% 45% £80,000 £80,000 £90,000 £90,000 £90,000 £90,000 £90,000 £130,000 £140,000 £148,000 £155,000 50% £100,000 £100,000 £110,000 £110,000 £110,000 £110,000 £110,000 £165,000 £175,000 £185,000 £194,000 55% £120,000 £120,000 £130,000 £130,000 £130,000 £135,000 £135,000 £200,000 £220,000 £232,000 £243,000 60% £150,000 £150,000 £160,000 £160,000 £160,000 £160,000 £160,000 £250,000 £270,000 £285,000 £299,000 65% £500,000 £500,000 £510,000 £510,000 £510,000 £510,000 £510,000 £650,000 £700,000 — — 70% £1,000,000 £1,000,000 £1,010,000 £1,010,000 £1,010,000 £1,010,000 £1,010,000 £1,250,000 £1,325,000 — — 75% £2,000,000 £2,000,000 £2,010,000 £2,010,000 £2,010,000 £2,010,000 £2,010,000 £2,500,000 £2,650,000 — —
part of capital transfer above threshold shown: