Inheritance tax calculator
Inheritance tax is the amount of money paid on everything you are going to leave behind to your heirs. This amount can reach up to 40% tax on what you will leave behind.
Our Inheritance Calculator will help you to estimate the potential inheritance tax pill that must be paid by your heirs. All you need to do is to enter in all your assets and if you have any debts and the calculator will show you the approximate worth of your estate in addition to an estimate of how much is liable to inheritance tax.
Our Inheritance Calculator is updated with the inheritance tax allowances for this tax year (2020-2021).
Please note that any gifts made by the inherited are not taken into account by our Calculator and yet, they may be liable to inheritance tax. Also, assets under a trust (which may be liable to IHT when death occurs), residence nil rate band or transferred nil-rate or residence nil rate band from a predeceased spouse are not considered.
Our Inheritance Calculator provides you with a general overview and does not reflect your actual tax situation. All the information provided should not be taken as tax or legal advice. Tax benefits depend on many variables and can vary according to statutory changes.
Inheritance Tax Calculator
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