How Much Is Inheritance Tax 2024 Uk. Estates valued below this threshold incur no tax, while those above it are taxed at 40 per cent on the excess. While you have an annual cgt allowance, this has been cut from a high of £12,300 in the 2020 tax year to £3,000 for the 2024/25 tax year.

Use our uk inheritance tax calculator to estimate inheritance tax on an estate. These will allow you to input all of your assets, automatically removing the nil.