UK Inheritance Tax Calculator

Calculate Your Potential UK Inheritance Tax

The total value of all assets (property, savings, investments, etc.) before any deductions.
Gifts made in the 7 years before death can reduce your available Nil-Rate Band.
For Residence Nil-Rate Band (RNRB) eligibility. Must be a residence passed to children, grandchildren, etc.
If 10% or more of the net estate is left to charity, the IHT rate can reduce from 40% to 36%.

Use our free Inheritance Tax Calculator to estimate potential IHT liability on an estate in the UK. Factor in the total estate value, gifts made, residence nil-rate band, and charitable donations to understand your potential tax due. Essential for estate planning and understanding probate implications.

Formula:

Inheritance Tax (IHT) in the UK is primarily calculated by:

  • Determining the gross value of the estate.
  • Subtracting any applicable Nil-Rate Bands (NRB), which currently stands at £325,000. Gifts made within 7 years of death can reduce this.
  • Applying the Residence Nil-Rate Band (RNRB), up to £175,000, if a residence is passed to direct descendants and the estate qualifies.
  • The remaining amount is the taxable estate.
  • IHT is charged at a rate of 40% on the taxable estate.
  • This rate can be reduced to 36% if 10% or more of the net estate is left to charity.

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