2026/27 HMRC RatesFree
Inheritance Tax Calculator UK
Calculate the potential Inheritance Tax (IHT) on your estate. Includes Nil Rate Band and Residence Nil Rate Band calculations.
Inheritance Tax Calculator
Enter your estate details
Property, savings, investments, possessions
Mortgage, loans, funeral costs
Gifts made 7+ years before death
10%+ reduces rate to 36%
Spouse exemption - no IHT on spouse inheritance
Inheritance Tax Calculation
Net Estate
£700,000
IHT Due
£80,000
Net Inheritance
£620,000
| Gross Estate Value | £750,000 |
| Less: Debts & Liabilities | -£50,000 |
| Less: Spouse Exemption | -£0 |
| Less: Charity Donation | -£0 |
| Net Estate | £700,000 |
| Nil Rate Band | £325,000 |
| Residence Nil Rate Band | £175,000 |
| Total Nil Rate Band | £500,000 |
| Taxable Estate | £200,000 |
| IHT Rate | 40% |
| Inheritance Tax Due | £80,000 |
| Effective Rate | 11.4% |
2026/27 IHT Rates
Nil Rate Band
£325,000 (frozen since 2009)
Residence Nil Rate Band
£175,000 (if leaving home to descendants)
IHT Rate
40% (36% if 10%+ to charity)
IHT Exemptions
• Spouse/civil partner - unlimited
• Charity donations - exempt
• Gifts made 7+ years before death
• Annual gift exemption: £3,000/year
• Small gifts: £250/person/year
• Wedding gifts: up to £5,000