| Charges on or after 6th April 2009 | Rates % |
| 0 - £325,000 | NIL |
| Above £325,000 | 40% |
Lifetime chargable transfers at half the death rate, i.e. 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.
Tapering relief applies to reduce the tax on transferes within 7 years of death. The reduction in tax is 20% for suvivorship of 3-4 years, 40% for 4-5 years.
60% for 5-6 years and 80% for 6-7 years.
Tax Information 2010 / 2011
