Summary
1.Section 8 provides for the limit of the inheritance tax nil rate band to be set at £325,000 for the tax years 2010-11 to 2014-15 inclusive and maintains the tax rate at 40 per cent for chargeable amounts in excess of this tax-free amount.
1.Section 8 provides for the limit of the inheritance tax nil rate band to be set at £325,000 for the tax years 2010-11 to 2014-15 inclusive and maintains the tax rate at 40 per cent for chargeable amounts in excess of this tax-free amount.