Inheritance Tax Uk 2024. What is the inheritance tax threshold in 2024? Each individual is taxed at a rate of 40pc on all their assets above a threshold of £325,000.
Changes to inheritance tax (iht) reliefs and exemptions are among the most controversial changes in rachel reeves’ first budget. Explore key 2024 uk budget updates to inheritance tax, including frozen thresholds, pension changes and relief limits for estates and businesses.