Inheritance Tax becomes payable on your death where your estate (your assets less your debts) exceeds £ 312,000 . The value of your estate over £ 312,000 is taxed at a rate of 40%.

With the increase in house prices over recent years, Inheritance Tax is affecting more people than ever. This calculator is designed to show you whether Inheritance Tax is potentially an issue for you.

Please note: This calculator does not take into account many of the more complex rules involved in calculating Inheritance Tax and so should not be relied upon to give a precise estimate of your potential tax liability. Your potential liability may be considerably more or less than indicated by this calculator. This calculator should not be treated as a substitute for professional advice.

To calculate your potential Inheritance Tax liability, simply complete the following boxes and click the Calculate IHT box below.