IHTM06016 - Rules about excepted estates: gross values

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.