The £325,000 threshold for the inheritance tax nil rate band was supposed to last until 6 April 2026. This level will now hold until 6 April 2028. The band has not altered since April 6, 2009. The residential nil rate bracket, which was set at £175,000 until 6 April 2026, will also stay the same until 6 April 2028.
On November 17, 2022, the chancellor made this announcement in his autumn statement.