Inheritance Tax 2024/25

Inheritance Tax 2024/25. Each person’s estate can benefit. The nil rate band (nrb), also known as the inheritance tax (iht) threshold, is the amount up to which an estate has no iht to pay.

You can use this information to calculate how much interest is due on an. 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.