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Inheritance Tax Calculator
How to Use
Enter the total estate value, nil rate band (£325,000 per person), and residence nil rate band (£175,000 if leaving a main home to direct descendants) to estimate IHT liability. Married couples and civil partners can transfer unused allowances, potentially doubling the threshold to £1 million. Gifts made more than 7 years before death are generally exempt from IHT.
Frequently Asked Questions
❓ Frequently Asked Questions
The standard nil rate band is £325,000. Adding the residence nil rate band of £175,000 gives a potential threshold of £500,000 per person, or £1,000,000 for married couples.