What this estate owes in inheritance tax
Worked step by step, at the rates HMRC sets.
The allowances this calculation uses
Answer the questions above and this becomes the arithmetic for the estate you described, step by step. These are the figures it works from, read from gov.uk on 2026-09-07.
- Nil rate band
- £325,000
- Residence nil rate band
- £175,000
- Residence band taper starts at
- £2,000,000
- Standard rate
- 40%
- Rate where a tenth goes to charity
- 36%