Inheritance Tax Threshold 2024

Inheritance Tax Threshold 2024. Indirect taxes include value added tax (vat), vehicle excise tax, and more. The amount of inheritance tax (iht) brought in by the government ticked up to £600m, as frozen thresholds pushed more into paying the tax.

The chancellor, rachel reeves announced the following measures: Those who choose to pay their inheritance tax bill back over 10 years would face a bill of 2% of their farm’s value (above the tax threshold) each year.