| Chargeable transfers | |||
| Death rate % |
Lifetime rate % |
2010/11 £’000 |
2009/10 £’000 |
| Nil | Nil | 0 – 325* | 0 – 325* |
| 40 | 20 | Over 325* | Over 325* |
| *Potentially increased for surviving spouses or civil partners who die on or after 9 October 2007. | ||||
| 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 |
