Inheritance tax

Inheritance tax - A basic first check

This is a basic calculator that takes into account primary assets and liabilities. The estimated tax liability may be subject to variation as a result of tax planning, PETs and so on.

This calculator does not include any increase in the IHT allowance to which you might be entitled if you are the surviving spouse and your deceased's estate did not fully use the available annual exemption.

2011/12 inheritance tax rates and nil-rate band.

Your Assets
Your Liabilities
* The value of your business and the extent to which this should be included in your estate requires careful consideration and an understanding of tax law.

Katie Preston

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