Originally Posted By: Edelweiss3
Lola, you asked me" Does Germany's 7% to 50% inheritance tax apply after a nil band rate?"

What is a nil band rate?


EW, it is the amount which is not subject to IHT. In the UK, £1 to £312,000 is nil band rate which means no inheritance tax is levied. Any excess past £312,000 would be subject to IHT of 40%. So, if the estate is worth £320,000 only £8,000 would be taxable.
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