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UK Inheritance Tax Calculator

Estimate your IHT liability with the £325k nil-rate band, £175k residence nil-rate band, spousal transfer, and the £2m taper. 2026-27 thresholds.

Your estate

£

Property + investments + pensions outside the wrapper + everything else.

£

Children, grandchildren, step-children. Unlocks the £175k RNRB.

If yes, up to double the £325k and £175k allowances.

£

Excludes the £3k annual exemption and small-gift exemptions.

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Estimated IHT

£120,000

Effective rate: 15.0% of the estate

Allowances

Nil-rate band£325,000
Residence nil-rate band£175,000
Total tax-free£500,000
Taxable estate£300,000

Reliefs at a glance

  • Standard NRB: £325,000 per person.
  • Residence NRB: £175,000 if leaving home to direct descendants. Tapers above £2m estate.
  • Spouse transfer: any unused NRB or RNRB transfers to the surviving spouse, potentially doubling them.
  • 7-year rule: larger gifts fall outside the estate if you survive 7 years. Taper relief between 3 and 7.
  • Rate: 40% on whatever sits above the combined allowances.