Inheritance Tax Rate Calculator
Calculate inheritance tax liability, rates, and exemptions for UK estates. Determine tax due based on estate value, beneficiaries, and available allowances.
Step 1: Estate Details
Understanding Nil Rate Band
The standard Inheritance Tax threshold is £325,000. Estates below this value pay no tax. The Residence Nil Rate Band adds an extra £175,000 when leaving a home to direct descendants.
Step 2: Allowances & Beneficiaries
About Inheritance Tax Rates
The standard Inheritance Tax rate is 40% on anything above the threshold. This reduces to 36% if you leave at least 10% of your estate to charity. Spouses and civil partners can transfer unused allowances.
Inheritance Tax Results
Inheritance Tax Due
Inheritance Tax Rate Comparison
| Beneficiary Type | Tax Rate | Nil Rate Band | Additional Relief |
|---|
Tax Calculation Breakdown
Tax Calculation Formula
Tax Due = (Estate Value – Allowances) × Tax Rate
Allowances include Nil Rate Band (£325,000), Residence Nil Rate Band (£175,000), and any other reliefs. The tax rate is typically 40%, reduced to 36% with charitable giving.
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