Like the standard nil-rate band, the allowance will be transferable to a surviving spouse or registered civil partner. So from 2020 a married couple will be able to pass on assets, including their home, of £1m in total.
Grandchildren/great-grandchildren of living children
€200,000
1
Parents and grandparents
€100,000
2
Siblings, nieces/nephews, step-parents, relatives by marriage, divorced spouse
€20,000
3
All other individuals, including legal entities
€20,000
These categories are then used to determine the rate of inheritance tax charged, ranging from 7% to 50%.
Value
Category-1
Category-2
Category-3
Up to €75,000
7%
15%
30%
€75,000–€300,000
11%
20%
30%
€300,000–€600,000
15%
25%
30%
€600,000–€6,000,000
19%
30%
30%
€6,000,000–€13,000,000
23%
35%
50%
€13,000,000–€26,000,000
27%
40%
50%
More than €26,000,000
30%
43%
50%
FRANCE
Net taxable share after allowance
Taxation rate
Up to €8,072
5%
Between €8,072 and €12,109
10%
Between €15,932 and €552,324
20%
Between €552,325 and €902,838
30%
Between €902,839 and €1,805,677
40%
Above €1,805,677
45%
Japan
To find the aggregated tax base, the amount of ¥30 million + ¥6 million is deducted from total taxable assets — this amount is then divided among all statutory heirs.
See Table 1 below for a list of the inheritance tax rates based on the amount of inheritance received.