Inheritance tax calculator

Calculates any potential IHT liability based on your client's assets and liabilities.

 

Assets

Value of main home / residence

£

Other property
(second home, holiday home, business property / land, etc.)

£

Cars, boats or caravans

£

Household contents / personal effects

£

Antiques, jewellery, art and / or collectables

£

Bank and / or building society accounts

£

Investments (including stocks and shares)

£

Life insurance policies (not in trust)

£

Pensions lump sum (not in trust)

£

Other assets

£

Total assets

£0

Liabilities

Outstanding mortgage

£

Other loans

£

Outstanding debts (overdraft, hire purchase, credit cards)

£

Other liabilities

£

Total liabilities

£0

Total net estate

£0

Calculating the IHT liability


Please choose the nil rate band to be used based on whether this is a single person or there is a full transferable nil rate band available from a previous spouse or civil partner

Asset deduction

Less assets subject to Business Property Relief
(insert value of any assets which would be subject to 100 % BPR)

£

Less assets subject to Agricultural Property Relief
(insert value of any assets that would be subject to APR)

£

Amount which is liable to IHT

£0

Potential IHT liability

£0

Please note that this calculator doesn't take into account any gifts that your client has made in their lifetime which may be subject to inheritance tax. It also doesn't consider any assets that are under trust that may be liable to IHT on your client’s death or any transferred nil-rate band from a pre-deceased spouse. This calculator is very general in nature and won't exactly reflect your client’s personal tax situation. The information shouldn't be construed as legal or tax advice. Tax benefits may vary as a result of statutory change and their value will depend on individual circumstances.

Last updated: 11 Oct 2017

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.