Disclaimer

The calculator must only be used as a broad guide for UK domiciled clients. In no way whatsoever does it constitute and form of financial advice. Your personal circumstances cannot be catered for on a broad calculator, and we recommend that you obtain professional advice from an independent financial advisor to ascertain your personal position and receive any advice on strategies to address it.

Assumptions

1. Main residence is left to direct descendants so RNRB has been applied.
2. Calculations for couples assume that all assets are left to survivor on first death, so form part of survivor’s estate on second death.
3. No account is taken of any additional nil rate bands that may be available (e.g. as a result of being previously widowed).
4. No account is taken of reduced rates of inheritance tax (e.g. where some or all of estate may be left to charities, for national purposes etc).
5. Any lifetime gifts that may have been made that reduce the available nil rate band are not taken into account.
6. The calculator does not factor in the tapering of the RNRB which falls on estates worth more than £2m.
7. Some investments are taxed at 0% in certain circumstances, such as AIM shares, and share in unlisted companies that qualify for business property relief.

This calculator is designed to indicate whether there may be a potential inheritance tax liability in the event of death. It is not intended to provide an accurate IHT liability, more an indication and professional advice should be sought where necessary.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

This calculator does not take into account the possible use of any exemptions that may utilised in the future.

**Trusts are not regulated by the Financial Conduct Authority.