SolvedIHTM06016 | Rules about excepted estates: gross values
From HM Revenue & Customs · Inheritance Tax Manual
The regulations have been regularly up-dated, primarily to take account of the rising Inheritance Tax (IHT) nil rate band. The previous maximum gross values of estates have been as follows
| Deaths (all dates inclusive) | Gross values |
|---|---|
| 1 Apr 1981 to 31 Mar 1983 | £25,000 |
| 1 Apr 1983 to 31 Mar 1987 | £40,000 |
| 1 Apr 1987 to 31 Mar 1989 | £70,000 |
| 1 Apr 1989 to 31 Mar 1990 | £100,000 |
| 1 Apr 1990 to 31 Mar 1991 | £115,000 |
| 1 Apr 1991 to 5 Apr 1995 | £125,000 |
| 6 Apr 1995 to 5 Apr 1996 | £145,000 |
| 6 Apr 1996 to 5 Apr 1998 | £180,000 |
| 6 Apr 1998 to 5 Apr 2000 | £200,000 |
| 6 Apr 2000 to 5 Apr 2002 | £210,000 |
| 6 Apr 2002 to 5 Apr 2003 | £220,000 |
| 6 Apr 2003 to 5 Apr 2004 | £240,000 |
| 6 Apr 2004 onwards | IHT nil rate band |
The nil rate band is subject to the restriction for grants obtained after 5 April and before 6 August described for low value estates at IHTM06011.