Inheritance Tax nil-rate band and residence nil-rate bands from 6 April 2028
This tax information and impact note is about the nil-rate band and residence nil-rate band thresholds for tax years 2028 to 2029 and 2029 to 2030.
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This measure fixes the tax-free thresholds and the residence nil-rate band taper available for Inheritance Tax at their current levels for tax years 2028 to 2029 and 2029 to 2030.
This means qualifying estates can continue to pass on up to £500,000, and the qualifying estate of a surviving spouse or civil partner can continue to pass on up to £1 million, without an Inheritance Tax liability.