IHT thresholds and interest rates

HMRC have updated their table of “Inheritance Tax interest rates from October 1988”. The updated table now shows the new interest rate of 5.50% for late payments and the interest rate of 2% on repayments from 22 November 2022.

https://www.gov.uk/government/publications/rates-and-allowances-inheritance-tax-thresholds-and-interest-rates/inheritance-tax-thresholds-and-interest-rates

Related content from Claritax Books

Inheritance Tax by Michael Budden offers in-depth guidance on IHT matters involving both lifetime transfers and the death estate.