Inheritance Tax Calculator
Use our quick and simple inheritance tax calculator to get an idea of how much inheritance tax your estate may need to pay on your death. If you own any assets jointly, put your share in the box.
Assets
| Main residence | |
| Other property or properties | |
| Savings | |
| Household and personal goods (use a resale value, not an insurance or replacement value) |
|
| Total Assets | £0 |
Liabilities
| Value of mortgage on main residence | |
| Value of mortgage(s) on other property | |
| Loans or credit cards | |
| Total liabilities | £0 |
Calculation
| Total assets – Total liabilities | £0 |
| Less the nil rate band | £325,000 |
| Total estate liable to inheritance tax | £0 |
| IHT at 40% | £0 |
This IHT calculator does not take in to account any exemptions or reliefs that may be applicable over and above the nil rate band and it does not include any additional residence nil rate band that your estate may be entitled to if you leave a residence to direct descendants.
We know that inheritance tax planning can be daunting. If you’re considering how this might affect your loved ones in the future, why not get in touch? Our experienced solicitors will give you bespoke advice to help you get a robust plan in place. Please call 01904 866139.
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