Abstract: A thread milling tool includes a tool body with at least one pair of insert seats including of a first insert seat and a second insert seat, which are angularly and axially offset from each other, and several double-sided thread milling inserts. Each thread milling inserts is adapted to the first and second insert seats such that it is mountable in the first insert seat in one single working position with a first group of cutting edges on a first side of the thread milling insert in an active cutting position, and mountable in the second insert seat in one single working position with a second group of cutting edges on an opposite second side of the thread milling insert in an active cutting position. A thread milling insert suitable for use in such a thread milling tool is also provided.