Inheritance Tax | Calculators

WHAT YOU OWN

Property value (£)

Other property value (£)

Savings (£)

Investments (£)

Other possessions or assets (e.g. vehicles, house contents) (£)

Life insurance pay outs(if not in trust)(£)

Value of any trusts to which you are a life tenant (£)

Value of assets (other than main residence) to pass to spouse (£)

What's your marital status?

WHAT YOU OWE

Remaining mortgage (£)

Loan (£)

Other credit agreements (£)

Credit card debt (£)

Overdrafts (£)

Value of non-exempt gifts made in the last 7 years (£)

PLEASE NOTE:

Calculator assumptions

The calculator makes three assumptions:

The main residence will be passed to a direct descendant (not a spouse)
You have not inherited some or all of a spouse’s nil rate band or residence nil rate band
No assets will qualify for Business Property Relief

If any of the above assumptions are not true for your circumstances then the result could be significantly altered, you should seek financial advice.

If you have recently downsized or sold your main residence then you could still benefit from more or some of the Residence Nil Rate Band if the previous residence would have qualified; this calculator does not account for this.

Gifts made in the last 7 years could be subject to inheritance tax on the recipient.