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   P269 CEEFAX 269  Wed 13 Sep  19:11/22

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   n1n1  |/         TAX GUIDE        

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            INHERITANCE TAX             

                                        

 IHT is charged on certain lifetime     

 gifts, on the wealth of the estate at  

 death and on some trust deals. Tax is  

 paid by the donor when the exemption   

 threshold is reached.                  

                                        

                     Tax Rates          

      To £150,000      0%               

      Over £150,000   40%               

                                        

 Threshold up to £154,000 in 1995/6     

 Tapering relief for charges on         

 gifts within seven years of death:     

 Years     0-3 3-4 4-5 5-6 6-7          

 % payable 100  80  60  40  20          

                                        

          Source: Blay's Guides         

 Annuities  Economy  CityHeads BestRates

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