Complete our UK Inheritance Tax Calculator to estimate your Inheritance Tax liability. Once you have obtained the estimate of your Inheritance Tax liability, we will be in touch to discuss what further professional advice is available.
Use the market value of your home
Use the market value of your property and include foreign property and buy-to-let. Input values after deduction of Agricultural Property Relief / Business Property Relief. If you are unsure if these reliefs apply, please see article links below and speak to us for further information.
Such as antiques, paintings and personal possessions, including jewellery
Use the current market value
Any money you have in savings, including ISAs.
This includes the current value of shares, ISAs, unit trusts and other savings not included above. Input values after deduction of Agricultural Property Relief / Business Property Relief. If you are unsure if these reliefs apply, please see article links below and speak to us for further information.
Include any assets which do not fall in the categories above
Include life insurance policies and death in service policies. Do not include the value of your pension pots that are outside of your Estate for IHT purposes. If you are unsure of the position, please let us know or speak to your Financial or Pensions Adviser. Do not include life insurance policies held in Trust. Do include the pay-out value of any other life insurance policies held.
Include any potential inheritances here
Include the value of mortgages against your house
If not deducted above, what are the value of secured loans, unsecured loans, credit card or other debts. These must be paid and settled by the estate in order to be deductible (not written off).
Your marital status
If assets are left to a surviving spouse, these do not use up any of the Nil Rate Band (NRB). However, assets left to other individuals may use up the NRB. Any balancing NRB (including the Residence Nil Rate Band) can be passed to the surviving spouse.
Assets left to spouses are usually exempt from IHT. Based on your circumstances you may not have an IHT liability. However, your spouse may do. Please consider running the calculator for your spouse and contact us if you wish to discuss the IHT liability for future generations.
Assets left to spouses are usually exempt from IHT. Based on your circumstances you may not have an IHT liability. However, please contact us if you wish to discuss the IHT liability for future generations.
If your deceased spouse did not use up all of their Nil Rate Band on death, then additional NRB will be available to you
If your spouse has died and hasn’t used their Nil Rate Band, type £325,000 here. If you know some NRB is used, this is calculated as (unused NRB of spouse/spouse's total available NRB) * £325000
Property – Amount of Residence Nil Rate Band (RNRB)
The Residence Nil Rate Band (RNRB) is unlikely to benefit you. See our article here, and continue to complete the calculator
Typically direct descendants are children or grandchildren, but this is not restricted to blood relatives
If your spouse has died and hasn’t used their RNRB, type £175,000 here.
Please insert the Residence Nil Rate Band inherited from your deceased spouse. Please note that if your deceased spouse had an Estate of over £2 million, then this amount should be tapered and this figure should be apportioned accordingly.
To view your results here, please enter your details below, your details will not be shared with any 3rd parties.
Calculating the IHT liability
Based on the information provided, we anticipate your NRB will be:
Based on the information provided, we anticipate your RNRB will be:
After deducting the available allowances, we estimate that your Estate would potentially be subject to an IHT liability of:
Statement of intent: The purpose of this calculator is only to provide a provisional estimate of your Inheritance Tax liability. No action should be taken without seeking professional advice.
Please note that we have used the information provided to calculate the estimated liability and this is based on current Revenue law. Tax planning is a complex area, so it is recommended that you seek professional advice.
This calculator assumes that you (and your partner, if applicable) are UK resident and domiciled.
This calculator does not take into account any potential increase in values over time. Therefore, your IHT liability may increase.
This calculator does not take into account any gifts made in the last seven years.
This calculator only provides an estimate of your IHT liability and does not take into account nuances of each individual's personal situation. Professional advice should be sought.
This calculator does not take into account reliefs such as Business Property Relief or Agricultural Property Relief. Please see our articles here for more info.
If you have tried to refresh the page during the input of figures, your result may be incorrect.