Inheritance tax liability calculator
Calculate your potential IHT bill in five minutes
The right arrangements will support your next generation, whether you're hoping to fund their education, help with a house deposit or just see them alright.
To help you, we have created this calculator. Once you have filled in the steps you will be able to get an indication of your potential inheritance tax bill.
Remember: IHT is payable on the value of anything you leave behind when you die. The IHT rate is 40% and due on any amount above £325,000 for an individual.
Calculate your inheritance tax
IHT is payable on the value of anything you leave behind when you die. The IHT rate is 40% and due on any amount above £325,000 for an individual.
*This assumes that you're not entitled to the residence nil-rate band, that your assets will not qualify for business relief and that you’ve not made any gifts in the last seven years.
Contact an inheritance tax specialist
If this has raised your concerns about your Inheritance tax liability and you want to talk to one of our qualified Wealth Advisers, book in for your free consultation here.
If you found this article useful, you might also enjoy:
- Managing inheritance tax with AIM Shares
- Five top tips to help manage the inheritance tax payable on your estate
- Are you doing enough to manage your inheritance tax liability?
The tax treatment of all investments depends upon individual circumstances and the levels and bases of taxation may change in the future. Investors should discuss their financial arrangements with their own tax adviser before investing.
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IMPORTANT: Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.