Inheritance Tax (IHT) calculator

Have you ever tried to estimate how much Inheritance Tax (IHT) could be due on your estate? You might like to use this 'ready-reckoner' to calculate how much IHT could be due. The result may surprise you. 

This calculator is a quick guide. It does not include other reliefs and exemptions that might apply. It’s also important to note that any gifts made in the past seven years, or entitlements you may have in existing trusts**, are not included. These could increase the amount of IHT payable. 

If you’re married or in a civil partnership, IHT liability might not kick in until the second death, depending on the provisions of your Wills. 

For a quick assessment of IHT liability, insert the best estimate of the value of your assets into each of the boxes below.

Got a question?

Do get in touch with us if you need a bit more information about these services, or any of our other financial planning advice.