Inheritance Tax Threshold 2024/2024
Inheritance Tax Threshold 2024/2024. The legislation introduces a restriction to agricultural property relief and woodlands relief from inheritance tax to property located in the uk from 6 april 2024. The tax rate on estates worth more than £325,000 is 40%.
The amount of gross income you can earn before you are liable to paying income tax The government will increase the vat registration threshold from £85,000 to £90,000 and the deregistration threshold from £83,000 to £88,000 from 1 april 2024.