What Is The Inheritance Tax Threshold In 2024. What is the inheritance tax threshold in 2024? For example, if a farm is valued at £2 million, the first £1 million.

There is a higher threshold of £3 million for couples passing on their farms. 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.