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Calculator
Estimate a high-level inheritance tax exposure using a simplified estate snapshot.
Understanding your potential inheritance tax liability is the first step in effective estate planning. Our IHT liability calculator provides a simplified estimate to help high-net-worth individuals and families in the UK assess their exposure and identify planning opportunities.
This calculator provides a simplified estimate based on standard allowances and assumptions. Actual IHT liability depends on many factors including reliefs, exemptions, and current legislation. For accurate planning, professional advice tailored to your circumstances is essential.
The calculator includes the nil-rate band (£325,000) and residence nil-rate band (up to £175,000) where applicable. It accounts for single or couple status and basic gift allowances. However, it does not include business relief, agricultural relief, or other specific exemptions that may apply.
No, this is a simplified estimate based on direct ownership. If you have existing trust structures, business relief, or other planning arrangements, a professional review would be needed to assess their impact on your IHT position.
If your estate value exceeds the nil-rate band thresholds, or if you have complex assets such as businesses, agricultural property, or international holdings, professional advice is recommended. Early planning typically provides more options and greater tax efficiency.
Yes, there are various legitimate planning strategies available, including trusts, gifting, business relief, and other structures. The effectiveness depends on your circumstances, timing, and the specific assets involved. Professional advice can help identify the most suitable approaches.
Regular reviews are recommended, particularly when your circumstances change: such as property purchases, business growth, or family changes. Annual reviews help ensure your planning remains aligned with current legislation and your objectives.
Gifts made in the 7 years before death may be subject to IHT depending on their value and your available allowances. The calculator accounts for gifts in its estimate, but professional advice is needed to understand the full implications and potential mitigation strategies.
For personalised advice tailored to your circumstances, explore our Inheritance Tax Planning service.
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