Inheritance tax calculator

Calculate potential inheritance tax (IHT) liability based on your client’s assets and liabilities.

Will your client’s estate face Inheritance Tax? Our inheritance tax calculator offers a fast way to get an overview of their potential liability, based on the value of their assets and any outstanding debts. 

By entering values, into the calculator, for things like property, savings, investments, and personal belongings, you’ll get an indication of whether inheritance tax could apply if the client were to pass away today. 

Keep in mind, this tool is designed for a high-level overview. Inheritance tax rules can be intricate, and a full review of your client’s unique situation is essential for tailored advice. 

A few important notes: 

• The calculator doesn’t include gifts made during the client’s lifetime, which may still be taxable.
• It doesn’t account for assets held in trust that may be liable for inheritance tax.
• If your client owns a home, they might qualify for an extra allowance known as the residence nil-rate band. 

This is a general guide and not a substitute for professional tax or legal advice. Tax rules can change, and the impact will vary depending on individual circumstances.