Inheritance Tax Calculator
✓ Verified for 2026/27Estate Details
£
Include property, cash, investments, and personal belongings.
£
Gifts to individuals that do not fall under standard annual exemptions.
Passing Home to Descendants?
Qualifies for the Residence Nil Rate Band (up to £175k)
Total Estate + Gifts
£0
gross value
Total Allowances
£0
tax-free threshold
Tax Due (40%)
£0
estimated IHT
Passed to Heirs
£0
net estate passed
Inheritance Tax Breakdown
Gross Estate Value
£0
Taxable Gifts (7 Years)
£0
Nil Rate Band
£325,000
Residence Nil Rate Band
£0
Total Allowance
£0
Taxable Estate Amount
£0
Inheritance Tax (40%)
£0
Passed to Heirs
0%
Inheritance Tax
0%
The standard Inheritance Tax rate is 40%. The Residence Nil Rate Band (RNRB) is capped at £175,000 and starts tapering by £1 for every £2 the estate is worth over £2,000,000. Under current rules, unused allowances can be transferred to a surviving spouse or civil partner, meaning their combined tax-free allowance can reach up to £1,000,000.
How We Calculated This
- Input variables: Enter the relevant amounts, rates, or percentages in the form.
- Real-time breakdown: The calculator applies HMRC rules and thresholds for the 2026/27 tax year to process the values.
- Display outputs: The visual graphs, donut charts, and tables are compiled dynamically to show your net take-home and deductions.
Real-World Examples
Standard Scenario
A basic calculation applying standard UK tax bands and allowances.
Calculation runs based on standard HMRC rules.
With Pension or Deductions
Factoring in a percentage of salary sacrifice or pension contributions.
Deductions are calculated and adjusted accordingly.
Frequently Asked Questions
Is this calculator updated for the 2026/27 tax year?
Yes, all calculators are fully updated with the latest HMRC thresholds, personal allowances, and National Insurance rates for 2026/27.
Can I use this for official tax submissions?
These tools are for estimation and illustrative purposes only. For official tax returns, please consult a qualified accountant or reference HMRC directly.
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About This Calculator
This calculator uses the latest HMRC rates for the 2026/27 tax year. For illustrative purposes only — always consult a qualified tax adviser for formal advice.