UK Inheritance Tax Calculator
Estimate UK Inheritance Tax on an estate above the standard nil-rate band.
Inheritance Tax
£70,000.00
- Taxable estate (above nil-rate band)
- £175,000.00
Assumptions
- Does not model the residence nil-rate band, spousal exemption, charitable gifts, or the 7-year gifting taper — each depends on specifics this calculator doesn't collect
How it's calculated
Taxable estate = estate value − nil-rate band (£325,000). Taxed at 40% above that.
Worked example
A £500,000 estate has inheritance tax calculated on the amount above the nil-rate band, shown live above.
Frequently asked questions
Does this include the residence nil-rate band?
No — the extra allowance for passing a home to direct descendants is not modeled, since eligibility depends on specifics this calculator doesn't collect. Real inheritance tax planning should involve a professional.