Inheritance Tax Thresholds can sometimes vary depending on the property of the estate being inherited. Inheriting a business may result in different inheritance tax thresholds than inheriting a home. Inheritance tax thresholds are the limits on the amount of inheritance that is subject to UK inheritance tax.

There are three different types of thresholds: personal, linear, and capped. If you are inheriting money from someone who has passed away you may be affected by National Insurance Contributions which could impact your income. You should speak to your accountant or financial adviser about this if you are concerned about any potential implications.

Inheritance Tax thresholds are the amounts that must be exceeded in order for an individual to have to pay inheritance tax on their estate. If you are the last surviving direct descendant of someone who died with an estate worth over £325,000 in 2018, you will have to pay inheritance tax on any inheritance you receive.

There has been a slight increase in the Inheritance Tax threshold for 2018, so even if your ancestor’s estate was worth less than this amount before they died, you may still have to pay an inheritance tax bill. In addition, if some of the property passed to a spouse or civil partner before they died, their share of the estate is taken into account when calculating whether it's above the threshold or not.

If you are planning to leave your wealth to your descendants, it is important to understand the inheritance tax thresholds. These are the amounts of money that can be left free of Inheritance. This means that, depending on your total estate value, a reduced or zero rate of inheritance tax may apply.