Allowances result in a diminished effective rate on many estates

Average effective tax rate

Share of estates reported to HMRC

30%

25

20

15

10

5

0

0.3-

0.4

0.5-

0.6

0.7-

0.8

0.9-

1

1.5-

2

3-

4

5-

7.5

10+

Value of estate, £m

Average effective tax rate

Share of estates reported to HMRC

30%

25

20

15

10

5

0

0.3-

0.4

0.5-

0.6

0.7-

0.8

0.9-

1

1.5-

2

3-

4

5-

7.5

10+

Value of estate, £m

Average effective tax rate

Share of estates reported to HMRC

30%

25

20

15

10

5

0

0.3-0.4

0.5-0.6

0.7-0.8

0.9-1

1.5-2

3-4

5-7.5

10+

Value of estate, £m

Average effective tax rate

Share of estates reported to HMRC

30%

25

20

15

10

5

0

0.3-0.4

0.5-0.6

0.7-0.8

0.9-1

1.5-2

3-4

5-7.5

10+

Value of estate, £m