Inheritance Tax 2024 Rate. Inheritances above $500 are taxed at 15% of the first $700,000 inherited (with no exemption) and 16% on the amount over $700,000. Inheritance tax may have to be paid after your death on some.
The standard inheritance tax rate is 40%, and it only affects the portion of your estate that exceeds the threshold of £325,000. An inheritance tax is levied on the value of the inheritance received by the beneficiary, and it is.