This calculator can be used to give you a rough indication of what your IHT Liability might be. Any results should not be interpreted as fact.
Please don’t take any of this as personalised advice. Inheritance Tax rules are unbelievably complex and your individual circumstances impact any liability. If you (or a deceased spouse) have made significant gifts, downsized your residential property or have existing Inheritance Tax Plans in place, your situation will be completely different.
Different allowances/rules apply if your estate is valued at over £2 Million. If this is the case, you will almost certainly have an Inheritance Tax problem.
1. Are you married or single?
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2. Are you passing down your main residence to direct descendants?
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Your Assets and Liabilities
a) What is the value of your main residence?
£
b) What is the value of your cash - bank, building society, National Savings etc
£
c) What is the value of your investments - shares, unit trusts, bonds etc
£
d) What is the value of your other properties - holiday homes, rental properties etc
£
e) What is the value of your life assurance, pension death benefits etc
£
f) What is the value of your other stuff - car, antiques, jewellery etc
£
Your total estate value
£
g) Less any debts - mortgages, loans etc
£
Your net estate value
£
Less the Nil Rate Band (IHT allowance - for a single person)
£
Less the Residence Nil Rate Band (available if you are leaving your MAIN residence to DIRECT descendants)
£
Your taxable estate is:
£
Your IHT Liability
£
Your Assets and Liabilities
a) What is the value of your main residence?
£
b) What is the value of your cash - bank, building society, National Savings etc
£
c) What is the value of your investments - shares, unit trusts, bonds etc
£
d) What is the value of your other properties - holiday homes, rental properties etc
£
e) What is the value of your life assurance, pension death benefits etc
£
f) What is the value of your other stuff - car, antiques, jewellery etc
£
Your total estate value
£
g) Less any debts - mortgages, loans etc
£
Your net estate value
£
Less the Nil Rate Band (2019 IHT allowance x2 - for a married couple)
£
Less the Residence Nil Rate Band x2 (available if you are leaving your MAIN residence to DIRECT descendants)
