Nil Rate Band (NRB) Per person · Frozen to 2030
£325,000 Residence Nil Rate Band (RNRB) Main home → direct descendants
£175,000 Couple combined (with home) Both spouses' allowances pooled
£1,000,000 Standard rate On estate value above allowances
40% Charity rate (10%+ to charity) Whole estate qualifies for reduced rate
36% BPR / APR cap (from 6 Apr 2026) Excess gets 50% relief (effective 20%)
£1m at 100%
7-year rule: lifetime gifts become tax-free 7 years after the gift. Pensions enter estate from April 2027.