How Much Is Inheritance Tax 2024 . Sometimes known as death duties. In the current tax year, 2024/25, no inheritance tax is due on the first £325,000 of any estate, with 40% normally being charged on any amount above that.
In 2024, the first $13,610,000 of an estate is exempt from the estate tax. In addition, gifts from certain relatives such as parents, spouse and siblings are also exempt from tax.
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