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Inheritance Tax Calculator

A quick and easy way to calculate an Inheritance Tax (IHT) liability. The figures provided by this calculator are for illustrative purposes only. Calculations are only a guide and cannot be guaranteed.

Actual figures will vary in individual circumstances.

Complete the information required and click the 'Calculate' button.

Estate assets

Property: main residence £

Savings: current account/s, deposit account/s, premium bonds £

Investments: shares/equities, unit trusts, investment trusts, ISAs, investment bonds £

Other assets: cars, holiday home/s, antiques, jewellery, works of art, boat, gifts of capital made within the previous 7 years £

Life insurance policies: policies not written in an appropriate trust £

Are you married?

Yes

No

 

Estate liabilities

Mortgage: £

Loans/overdrafts: £

Credit cards: £

Other liabilities: outstanding bills, hire purchase, funeral expenses £

Estate summary

Total assets: £

Liabilities: £

Estate value: £

Tax-free allowance: this allowance will remain the same for 2010-2015

Net worth: £

Inheritance Tax bill: £

Married couples and civil partners are allowed to pass their possessions and assets to each other tax-free and, since October 2007, the surviving partner is now allowed to use both tax-free allowances (providing one wasn't used at the first death).

Gifts made within the last seven years are not included in the calculations but may be liable to IHT on a sliding scale.

Calculations based upon the current understanding of HM Revenue & Customs practices and the values shown are dependent upon individual circumstances.

Results are for your general information and use only and are not intended to address your particular requirements. Results should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate results and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or couple should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of using this calculator. Thresholds, percentage rates and tax legislation may change in subsequent finance acts.

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For an initial chat with an expert about your personal or business financial planning needs, please feel free to call us on 01908 920043 or e-mail us at info@vizionwealth.co.uk


Vizion Wealth LLP, 16 London House, Swinfen’s Yard, High Street, Stony Stratford, Milton Keynes, MK11 1SY. Registered in England number: OC367088.
Telephone: 01908 920043. Vizion Wealth LLP is a Limited Liability Partnership. Vizion Wealth LLP is authorised and regulated by the Financial Conduct Authority.

Vizion Wealth is listed on the Financial Services Register https://register.fca.org.uk/ under reference 565523.

Vizion Wealth LLP cannot be held responsible for the content within any external website or documents that are linked to from this site.

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