FOR ADVISERS ONLY
Inheritance tax calculator
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
Liabilities
Outstanding mortgage
Other loans
Outstanding debts (overdraft, hire purchase, credit cards)
Other liabilities
Total liabilities
Total net estate
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
Potential IHT liability
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 residence nil rate band or transferred nil-rate or residence 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.