Gift Tax Rates 2024 Uk. Gift tax is basically a form of inheritance tax. In the current tax year, 2024/25, no inheritance tax is due on the first £325,000 of any estate, with 40% normally being charged on any amount above that.


Gift Tax Rates 2024 Uk

Gift tax is basically a form of inheritance tax. 20% tax on earnings between £12,571 and £50,270.

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