Policy paper
Inheritance Tax nil rate band and residence nil rate band thresholds from 6 April 2021
This tax information and impact note is about the nil rate band and residence nil rate band thresholds for tax years 2021 to 2022 up to and including 2025 to 2026.
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This measure maintains the tax-free thresholds and the residence nil rate band taper available for Inheritance Tax at their 2020 to 2021 tax year levels up to and including the tax year ending 5 April 2026.
This means qualifying estates can continue to pass on up to £500,000 and the qualifying estate of a surviving spouse or civil partner can continue to pass on up to £1 million without an Inheritance Tax liability.
Published 3 March 2021