Inheritance Tax Threshold Calculator
Calculate inheritance tax thresholds, allowances, and potential tax liability. Understand nil-rate bands, residence nil-rate bands, and taper relief for effective estate planning.
Step 1: Estate Details
£100,000
Current UK Thresholds (2024)
Standard nil-rate band: £325,000. Residence nil-rate band: £175,000. 40% tax rate above threshold. Taper relief for large estates over £2 million.
Step 2: Allowances & Relationships
0%
Spousal Exemption
No inheritance tax between spouses/civil partners. Unused nil-rate band can be transferred to surviving spouse (up to £650,000 combined).
Inheritance Tax Calculation Results
Summary
Threshold Visualization
International Comparison
Estimated Inheritance Tax Due
£70,000
On £500,000 estate with £325,000 threshold
Taxable Estate
£175,000
Effective Tax Rate
14%
Tax-Free Allowance
£500,000
Net Inheritance
£430,000
Tax Threshold Visualization
Standard NRB Used
£325,000
Residence NRB Used
£175,000
Taper Relief
£0
Total Tax-Free
£500,000
International Inheritance Tax Comparison
| Country | Tax-Free Threshold | Tax Rate | Spouse Exemption |
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