Inheritance Tax Calculator
Please enter the following values to see what tax you will pay in event of your death.
Please use only numbers without any commas or full stops.
Less Liabilities
Important
This calculation assumes that you are married or a civil partner and have children. It also assumes that you own your house as Joint Tenants, that any life policies you own are not nominated to Trust and that any business assets owned by the first spouse to die are sold by the survivor.
Inheritance Tax is normally paid upon the death of the second spouse i.e. when the estate transfers to children. Depending on how the first to die held assets (either singly or jointly) and the value of these assets (above or below the Nil Rate Band (NRB) in the year of their death) the joint estate may benefit from relief of one or two NRBs before inheritance tax is calculated.
Our calculation has assumed that only one NRB will be available, due to jointly held assets.