22nd April 2009 BUDGET PROPOSALS
AND CHANGES FOR 2009/2010 previously announced
(Subject to details in the Finance Bill)
Ellis Atkins have taken all due care in the presentation of these notes. No responsibility for loss occasioned to any person or company acting or refraining from action as a result of any material in these notes can be accepted by Ellis Atkins, its partners or staff. Please contact us or your own professional advisor for advice specific to your circumstances.

8.1 The starting point for Inheritance Tax (the “nil rate band”) increases from £312,000 to £325,000 from 6th April 2009 for individuals. This will be followed by a further increase to £350,000 from 6th April 2010.

8.2 The single rate on death of 40% is unchanged.

8.3 For married couples and civil partners, where the second death occurs on or after 9th October 2007, up to two nil rate bands, both at the amount applying on the date of the second death (£325,000 from 6th April 2009), are available to the estate.