Part 2: Inheritance Tax Section 10: Rate bands for tax years 2018-19, 2019-20 and 2020-21 Background note
The rates of IHT are set out in the Table in Schedule 1 of IHTA 1984. The IHT nil-rate band is the amount below which no IHT is charged. It is automatically indexed in line with CPI each year under section 8 of IHTA 1984.
	Section 8 of Finance Act 2010 set the limit of the nil-rate band at £325,000 for the years 2010-11 to 2014-15 inclusive. Paragraph 2 of Schedule 25 to Finance Act 2014 set the limit of the nil-rate band at £325,000 for the years 2015-16 to 2017-18 inclusive.
	At Summer Budget 2015 the government announced that the current nil-rate band will remain at £325,000 for the years 2018-19 to 2020-21 inclusive.