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.

This calculator is designed to indicate whether there may be a potential inheritance tax liability in the event of death. It is not intended to provide an accurate IHT liability, more an indication and professional advice should be sought where necessary.The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.This calculator does not take into account the possible use of any exemptions that may be utilised in the future.**Trusts are not regulated by the Financial Conduct Authority.