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Calculate UK Inheritance Tax liability with detailed breakdown of allowances, rates, and tax due.

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About This Tool

This comprehensive Inheritance Tax calculator helps you estimate the UK Inheritance Tax liability for an estate. It considers the total estate value, marital status, standard nil-rate band, residence nil-rate band, and gifts made within 7 years before death. The calculator provides a detailed breakdown showing how each allowance is applied and the final tax due, helping with estate planning and understanding tax obligations.

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How to Use

Enter the total value of the estate
Select marital status (single/married/civil partnership)
Enter the nil-rate band and residence nil-rate band amounts (defaults to current UK rates)
Add any gifts made within 7 years before death with their values and years ago
Click 'Calculate IHT' to see detailed tax breakdown
Review the results showing allowances applied and tax due

Frequently Asked Questions

Find Quick Answers

What is Inheritance Tax (IHT) in the UK?

Inheritance Tax is a tax on the estate of someone who has died, including property, money, and possessions. It's charged at 40% on amounts above certain thresholds.

What is the nil-rate band?

The nil-rate band is the threshold below which no Inheritance Tax is paid. For the 2023/24 tax year, this is £325,000 per person.

What is the residence nil-rate band?

The residence nil-rate band is an additional allowance when passing a main residence to direct descendants. For 2023/24, this is £175,000 per person.

How are gifts taxed?

Gifts made within 7 years before death may be subject to Inheritance Tax. The tax rate reduces on a sliding scale (taper relief) depending on how many years before death the gift was made.

Is this calculator accurate for legal purposes?

This calculator provides estimates for educational and planning purposes. For exact tax calculations and legal advice, consult a qualified tax professional or solicitor.

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