Inheritance tax calculator

Calculating inheritance tax

Inheritance tax isn’t only an issue for wealthy families. While the Nil Rate Band is frozen and property values increase, Inheritance tax receipts have been rising steadily and affecting more families.

Planning ahead and calculating your inheritance tax could make a big difference to your future IHT bill. With financial advice, you could reduce your inheritance tax liability and take control of what happens to your legacy.

Use our Inheritance Tax Calculator to check if your estate exceeds the Nil Rate band, and find out you’re likely to pay inheritance tax. This tool will create an estimate including several scenarios, such as whether you’re married or have descendants.

How is inheritance tax calculated?

Our Inheritance Tax calculator can provide an estimate of how much of your estate will be taxable, and how much IHT will be due. To use this IHT calculator, you’ll need to know the current value of your assets and debts (such as property, investments and savings).

Our calculator takes into account different rules and reliefs available, such as:

You may be able to reduce your inheritance tax liability by planning ahead and using available rules and reliefs. We can help you with financial advice on inheritance tax and your estate planning, working out how much money you will need in future, and how you can pass on your assets in the most effective way.