How Much Is Inheritance Tax 2024 Uk. The property allowance will be layered on top of your inheritance tax allowance, which has been set at £325,000 since 2010. Use our inheritance tax calculator, plus find out inheritance tax rates, and how it works.

The charts below show inheritance tax receipts in both cash terms and as a share of national income (gdp), along with our march 2024 economic and fiscal outlook (efo). Each individual is taxed at a rate of 40pc on all their assets above a threshold of £325,000.