Visit the TIME Investments website

Inheritance Tax Calculator

Calculate your client’s potential Inheritance Tax (IHT) liability in five easy steps.

The IHT Calculator allows you to find out the approximate IHT liability on your client’s estate by factoring in their property, investments and cash value, along with the number of Nil Rate Bands they are entitled to.

This information can prove useful when comparing IHT strategies for clients.

Five easy steps:

  1. Enter your client’s approximate net property, investments and cash value
  2. Enter the growth rate assumption for each field
  3. Enter the number of Nil Rate Bands the client’s estate is entitled to
  4. Press 'Calculate'
  5. View the results below, and you can also email the results to yourself

If you would like to discuss these results with a member of our team please call 020 7391 4747.

Note: The results of the calculator start from tax year 2017/2018 in order to factor in the introduction of the Residence Nil Rate Band (RNRB).

The calculator makes an assumption that the Nil Rate Bands and Taper Threshold will grow by 2% p.a. from 2021/22 to account for CPI linked increases.

The calculator does not take into account levels of income and expenditure and how these may impact the estate value over time.

The output of the calculator is based on current legislation, which may be subject to change. This is for illustrative purposes only and does not constitute advice.

Calculation assumptions:

  • Both individual and spouse are UK domiciled
  • Individual is leaving less than 10% of Estate to charity*
  • Property value relates to a single property that should qualify for RNRB**
  • No downsizing of the property will take place
  • Current investments do not qualify for Business Property Relief
  • Current investments do not include any PETs

*(more than 10% would reduce IHT rate to 36%)

**(e.g. it is being left to direct descendants)

Enter your client's details
Existing investments
Amount (£)
Growth rate assumption (%)
Number of sets of Nil Rate Bands (please enter 1 or 2)

Note: The calculator will base results on either the availability of one Standard Nil Rate Band and Residence Nil Rate Band or two Standard Nil Rate Bands and Residence Nil Rate Bands.

Estate value£0