Terence Houghton & Co. Ltd

Inheritance Tax

		Chargeable transfers
Death rate %	Lifetime rate %	2009/10 £’000	2008/09 £’000
Nil	Nil	00 - 325*	0 - 312*
40	20	Over 325*	Over 312*

*Potentially increased for surviving spouses or civil partners who die on or after 9 October 2007.
Reliefs
Annual exemption	£3,000	Marriage	- parent	£5,000
Small gifts	£250		- grandparent	£2,500
			- bride/groom	£2,500
			- other	£1,000


Reduced charge on gifts within seven years of death
Years before death	0-3	3-4	4-5	5-6	6-7
% of death charge	100	80	60	40	20

Terence Houghton & Co is a trading name of Terence Houghton & Co. Limited. Registered in England Company Number 05859090
Registered office : 12-14 Percy Street, Rotherham, S65 1ED

Residential Broadband	Business Broadband

2009-10 Tax Rates

Inheritance Tax