What Is The Inheritance Tax Threshold In 2024. This article outlines what has changed and the relevant timescales for any amendments to iht which were made in the 2024 budget. This explainer sets out some of the.

Each individual is taxed at a rate of 40pc on all their assets above a threshold of £325,000. Therefore, the inheritance tax due on an estate worth £700,000 held by a married couple or civil partnership in 2023/2024 would be £20,000.