Inheritance Tax Exemption Calculator
Calculate inheritance tax liability, exemptions, and allowances for UK estates. Get accurate IHT estimates and tax planning strategies based on current thresholds.
Step 1: Estate Details
Estate Valuation
Include all assets: property, savings, investments, vehicles, and personal possessions. Deduct debts, mortgages, and funeral expenses from the total estate value.
Step 2: Exemptions & Allowances
UK Inheritance Tax Thresholds
Standard nil-rate band: £325,000. Residence nil-rate band: £175,000 (for passing home to direct descendants). Married couples can transfer unused allowances.
Inheritance Tax Calculation Results
Total Inheritance Tax Due
Inheritance Tax Exemptions & Allowances
Exemption Planning
Married couples can transfer unused nil-rate bands. Gifts made more than 7 years before death are usually exempt. Business and agricultural property may qualify for 50-100% relief.
Tax Liability Breakdown
Tax Calculation Formula
IHT = (Taxable Estate – Allowances) × 40%
Taxable estate = Total assets – (debts + funeral expenses). Standard rate is 40% above thresholds. Reduced 36% rate applies if 10%+ of estate left to charity.
Need Professional Inheritance Tax Advice?
Connect with our qualified tax advisors for personalized IHT planning, estate structuring, and exemption optimization strategies tailored to your circumstances.
Get Professional Tax Advice