Inheritance Tax · 2024/25
UK Inheritance Tax in 2024/25 by Estate Value
Pick an estate value to see exactly how much Inheritance Tax was due in the 2024/25tax year, using that year's Nil-Rate Band (£325,000), Residence Nil-Rate Band (£175,000) and 40% headline rate. Figures cover both single-person and married-couple scenarios (transferable NRB + RNRB).
What was different about 2024/25
For 2024/25 every IHT allowance was held flat: NRB £325,000, RNRB £175,000, taper threshold £2,000,000, main rate 40%. The freeze continues to drag more middle-class estates over the threshold each year as values climb in nominal terms.
2024/25 IHT thresholds
Nil-Rate Band (NRB)
£325,000 per person
Residence Nil-Rate Band (RNRB)
£175,000 per person
RNRB taper starts
£2,000,000
Couple combined max
£1,000,000
Headline rate
40%
Charity rate
36% (10%+ to charity)
Pick an estate value
IHT on £400,000 estate
2024/25 tax year
£0
couple · single £0
IHT on £600,000 estate
2024/25 tax year
£0
couple · single £40,000
IHT on £1,000,000 estate
2024/25 tax year
£0
couple · single £200,000
IHT on £1,500,000 estate
2024/25 tax year
£200,000
couple · single £400,000
IHT on £2,500,000 estate
2024/25 tax year
£700,000
couple · single £870,000
Other years
Related
Disclaimer: Figures use the published 2024/25 HMRC NRB, RNRB and 40% rate. They assume a qualifying main residence is left to direct descendants where RNRB is shown. Lifetime gifts, BPR/APR, trusts and tax codes can change actual liability — speak to a STEP-qualified adviser.