Inheritance Tax Calculator

Estimate your potential inheritance tax liability and explore planning options.

Estate Details

Total Estate Value£750,000

Main Residence Value£400,000

Liabilities (Mortgages, Debts)£50,000

Gifts in Last 7 Years£0

Married or in civil partnership (transfers unused allowance)

Leaving residence to children/grandchildren

Estimated Inheritance Tax

£0

Effective rate: 0.0%

Estate After Tax

£700,000

Total Tax-Free Allowance

£1,000,000

Allowance Breakdown

Nil-Rate Band (x2)£650,000

Residence Nil-Rate Band (x2)£350,000

Total Allowance£1,000,000

Net Estate£700,000

Taxable Amount£0

Tax Rate40%

IHT planning is complex. This calculator provides an estimate only. Strategies like trusts, gifts, and life insurance can reduce IHT liability. Speak to a qualified adviser for personalised guidance.

Important: This calculator is for illustrative purposes only and does not constitute financial advice. Results are based on assumptions that may not reflect actual market conditions or your personal circumstances. Please consult a qualified financial adviser for personalised guidance.