CalculatorZone.co

Skip to content

CalculatorZone.co

About Us
Contact
Terms of Service
Privacy Policy

Search for:

CalculatorZone.co

Search for:

About Us
Contact
Terms of Service
Privacy Policy

2024/25 Tax Year

Main Residence Value ?The current market value of your main home. This may qualify for the Residence Nil Rate Band if passed to direct descendants.

Savings & Investments ?Bank accounts, ISAs, stocks, shares, bonds, and other investments.

Other Assets ?Vehicles, jewellery, antiques, art, household contents, and other valuable possessions.

Life Insurance (not in trust) ?Life insurance payouts not held in trust are included in your estate. Policies in trust are excluded from IHT.

Other Property ?Buy-to-let properties, holiday homes, or other real estate assets.

Business Assets ?Business interests may qualify for Business Relief (50% or 100%). Enter the net value here.

Outstanding Mortgage ?Remaining mortgage balance on any properties in the estate.

Other Debts ?Credit cards, loans, unpaid bills, and other liabilities.

Estimated Funeral Costs ?Average UK funeral costs £4,000-£6,000. These are deductible from the estate.

Administration Costs ?Probate fees, legal costs, and estate administration expenses.

Amount to Spouse/Civil Partner ?Assets left to spouse or civil partner are completely exempt from IHT (spouse exemption).

Charity Donations ?Gifts to UK registered charities are exempt from IHT. Leaving 10%+ to charity reduces the IHT rate to 36%.

Leaving main residence to direct descendants ?If you leave your home to children, grandchildren, or their spouses, you may qualify for an extra £175,000 allowance (Residence Nil Rate Band).

Business Relief (%) ?Business Relief can be 50% or 100% depending on the type of business. Qualifying businesses can pass on free of IHT.

If your spouse/civil partner has died and did not use all their IHT allowances, the unused portion can be transferred to you.

Spouse Unused NRB (%) ?Percentage of deceased spouse's Nil Rate Band that was unused. Up to 100% (£325,000) can be transferred.

%

Spouse Unused RNRB (%) ?Percentage of deceased spouse's Residence Nil Rate Band that was unused. Up to 100% (£175,000) can be transferred.

%

Gifts made within 7 years of death may be subject to IHT. Taper relief may reduce the tax on older gifts.

Gift Amount

Years Ago ?Taper Relief: 0-3 years = 40%, 3-4 years = 32%, 4-5 years = 24%, 5-6 years = 16%, 6-7 years = 8%.

Inheritance Tax Calculation

£0

Total Inheritance Tax Due

0% Effective Rate

Component	Amount

Estate Breakdown

Tax Calculation Summary

Allowances Used

Nil Rate Band

£0 / £325,000

Residence Nil Rate Band

£0 / £175,000

Transferred NRB

£0 / £0

Gifts & Taper Relief Schedule

Gift	Amount	Years Ago	Taper Rate	Tax Due

Estate Breakdown Schedule

Tax Planning Insights

What-If Scenarios

10% Charity Donation

Donate 10%+ to charity for reduced 36% rate

£0 saved

Leave More to Spouse

Spouse exemption is unlimited

£0 potential

Gift Before 7 Years

Gifts made 7+ years ago are IHT-free

£0 potential

Financial Calculators

Mortgage Calculator
Loan Calculators
Investment Calculators
Income Tax Calculators

Math Calculators

Scientific Calculator
Percentage Calculator
Fraction Calculator
Average Calculator

Health & Fitness

BMI Calculator
Calorie Calculator
Pregnancy Calculator
Healthy Weight Calculator

Company

About
Privacy Policy
Terms of Service
Contact

Copyright © 2026 CalculatorZone.co

Scroll to Top