IHT Flashcards by Ahmed Abshir

Q

At what rate is IHT charged above the NRB?

A

0.4

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Q

What is the nil‑rate band (NRB)?

A

£325,000.

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Q

What is the residence NRB total if conditions are met?

A

£500,000.

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Q

Name two IHT exemptions.

A

Gifts to spouse, gifts to charities.

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