How much inheritance tax will this estate pay?
Work out the taxable estate after the nil rate band, any transferred allowance and the residence nil rate band.
Inheritance tax is charged on the value of the estate above the available allowances. The allowances are where estates get it wrong, because two of them are conditional and one can be inherited from a spouse who died years earlier.
This calculator sets out the arithmetic step by step, so an executor can see which allowance made the difference rather than being handed a number.
What the answer is based on
HMRC published rates and thresholds, cited with the date they were checked.
The interactive calculator is being built. What it will compute, and what it will compute it from, is set out on this page, and the figures it will use are already published in the dataset.
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