IHTM06012 - Rules about excepted estates: low value estates

The conditions for these estates are that:

  • the deceased died on or after 6 April 2004,听and听

  • for deaths on or after 6 April 2025,听was听a long-term UK resident听immediately听before their death听(IHTM47000)听

  • for deaths before听5 April 2025, is domiciled听(IHTM13000)听in the United Kingdom, and听

  • the gross value of the estate, including the deceased바카라 사이트檚 share of any jointly owned assets, any specified transfers (IHTM06018) and any specified exempt transfers (IHTM06019)听

does not exceed the Inheritance Tax nil听rate band (IHTM06011), and for deaths on or after 1 January 2022听

  • if the estate includes any assets held in trust, they are held in a single trust and the gross value does not exceed 拢250,000 (IHTM06020),听

  • if the estate includes foreign assets, their gross value does not exceed 拢100,000,听

  • if there are any specified transfers, their chargeable value does not exceed 拢250,000,听

  • the deceased had not made a gift with reservation of benefit.听

For deaths before 1 January 2022 the maximum value for assets held in trust (IHTM06020), and the limit on the chargeable value of any specified transfers (IHTM06018), is lower.听