Inheritance Tax Calculator
Estimate your potential inheritance tax liability using current HMRC thresholds. Answer a few simple questions about your estate to see your estimated IHT bill.
Step 1: Your Estate
Enter the total value of your estate, including all assets.
Include property, investments, savings, possessions
Value of your main residence (if any)
Mortgages, loans, funeral costs
Current IHT Thresholds (2024/25)
Nil-Rate Band (NRB)
The basic IHT-free allowance
£325,000
Residence Nil-Rate Band (RNRB)
Additional allowance when passing home to descendants
£175,000
IHT Rate
Applied to the taxable estate above allowances
40%
RNRB Taper Threshold
RNRB reduces for estates above this amount
£2,000,000
These thresholds have been frozen since 2009 (NRB) and 2020 (RNRB) and are expected to remain frozen until at least 2030.
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