Inheritance Tax Calculator 

Inheritance tax is paid on your net estate over the Nil Rate Band (currently £300,000 for the 2007/2008 tax year but with effect from 9th October 2007, £600,000 for married couples, civil partnerships and widow/ers). if your estate is in excess of this amount your beneficiaries may well have to pay IHT at 40% on any excess over this level.

The IHT calculator is designed to show the potential liability based on the figures you input. IHT is a complex area of financial planning and your liability may be substantially more or less than the figure given by the calculator. We strongly advise that professional advice is sought with regards to addressing Inheritance Tax.