Exemption for non-UK domiciled spouse/civil partner
100% relief: businesses, unlisted/AIM companies, certain farmland and farm buildings.
50% relief: certain other business assets.
Reduced tax charge on gifts within 7 years of death
Years before death:
% of death tax charge:
Annual exempt gifts:
£3,000 per donor
£250 per donee
* Up to 100% of the unused proportion of a deceased spouse's/civil partner's nil-rate band can be claimed on the survivor's death. ** 36% where at least 10% of net estate left to charity for deaths after 5/4/12.
Your home may be repossessed if you do not keep up the repayments on your mortgage or any other debt secured on it. To
understand the features and risks of lifetime mortgages and home reversion plans ask us for a personalised illustration.