| Charges on or after 6th April 2004 |
Rates % |
Charges between 6th April 2003 and 5th April 2004 |
Lifetime chargeable transfers at half the death rate, ie 20%.
Business property relief of 100% for all shareholdings in qualifying unquoted trading companies and for most unincorporated trading businesses; agricultural property relief at 100% for qualifying holdings of agricultural land.
Annual exemption for lifetime gifts £3,000.
Small gifts - annual amount per donee £250. |
| Reduced tax charge on transfers within 7 years of death |
| Years before death |
Percentage of death rates |