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Inheritance Tax

Volume 459: debated on Wednesday 18 April 2007

To ask the Chancellor of the Exchequer what the average inheritance tax paid was in each year since 1996-97. (129105)

94 per cent. of estates do not pay inheritance tax. For estates that did pay tax, the average amount of inheritance tax paid is shown in the following table, rounded to the nearest £1,000.

Average UK Inheritance Tax Bill

£000

1996-97

90

1997-98

95

1998-99

97

1999-2000

104

2000-01

107

2001-02

110

2002-03

98

2003-04

87

2004-05

91

2005-06

100