Updates to this page
Published 17 February 2017
Last updated
278 JuneAugust 2025
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8 August 2025
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 8.00% and the interest on repayments of 3.00% from 27 August 2025.
27 June 2025The date '5 April 2028' has been updated to '5 April 2030' within the 'Inheritance Tax thresholds' and 'Inheritance Tax additional threshold' sections.
9 May 2025
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 8.25% for late payments and the interest rate of 3.25% on repayments from 28 May 2025.
27 March 2025
The interest rates for late payments have been updated for April 2025.
10 February 2025
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 7% for late payments and the interest rate of 3.5% on repayments from 25 February 2025.
27 January 2025
The 20 August 2024 to 25 November 2025 date has been amended to 20 August 2024 to 25 November 2024 in the 'Inheritance Tax interest rates from October 1988' table.
20 November 2024
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 7.25% for late payments and the interest rate of 3.75% on repayments from 26 November 2024.
5 August 2024
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 7.50% for late payments and the interest rate of 4.00% on repayments from 20 August 2024.
4 August 2023
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 7.75% for late payments and the interest rate of 4.25% on payments from 22 August 2023.
30 June 2023
The Inheritance Tax interest rates have been updated.
16 May 2023
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 7% for late payments and the interest rate of 3.5% on payments from 31 May 2023.
24 March 2023
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 6.75% for late payments and the interest rate of 3.25% on payments from 13 April 2023.
3 February 2023
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 6.5% for late payments and the interest rate of 3% on payments from 21 February 2023.
6 January 2023
Updated to show the Inheritance Tax threshold and additional threshold (residence nil rate band) will remain at their present levels until 5 April 2028.
5 January 2023
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 6% for late payments and the interest rate of 2.5% on payments from 6 January 2023.
8 November 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 5.50% for late payments and the interest rate of 2% on repayments from 22 November 2022.
11 October 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 4.75% for late payments and the interest rate of 1.25% on payments from 11 October 2022.
23 August 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 4.25% for late payments and the interest rate of 0.75% on payments from 23 August 2022.
5 July 2022
The interest rate for late payments changed from 3.5% to 3.75% on 5 July 2022.
24 May 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate of 3.5% from 24 May 2022.
8 April 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the interest on repayments rate from 5 April 2022.
6 April 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate from 5 April 2022.
21 February 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate from 21 February 2022.
4 January 2022
The 'Inheritance Tax interest rates from October 1988' table has been updated with the new interest rate from 4 January 2022.
7 April 2020
The Inheritance Tax interest rate on late payments has decreased from 2.75% to 2.60% with effect from 7 April 2020. The rates for interest on repayments remains unchanged.
30 March 2020
The section for Inheritance Tax interest rates from October 1988 has been updated.
17 August 2018
The Inheritance Tax interest rate from 21 August 2018 is 3.25% and the interest on repayments is 0.75%.
12 April 2018
Inheritance Tax additional threshold/residence nil rate band - from 6 April 2019 amended to show correct figure £175,000
6 April 2018
Rates, allowances and duties have been updated for the tax year 2018 to 2019.
22 February 2018
The Inheritance Tax interest rate from 21 November 2017 is 3%.
6 April 2017
This guidance has been updated to reflect Inheritance Tax threshold effective from 6 April 2017.
17 February 2017
First published.