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General
GENERAL
INHERITANCE TAX
Rates of Tax
The rates of Inheritance Tax for use in connection with lifetime chargeable transfers/deaths within the 2007/2008 tax year are:
The rates of Inheritance Tax for use in connection with lifetime chargeable transfers/deaths within the 2007/2008 tax year are:
| On or within seven years of death | Other chargeable transfers | |
| On first £300,000 | Nil rate | Nil rate |
| On excess | 40% | 20% |

