Inheritance Tax (IHT) Calculator
Calculate the inheritance tax to pay on an estate with our instant IHT calculator. Our inheritance tax checker helps you assess an estate's potential inheritance tax liability.
Enter its assets and any debts and extra information in the fields below, and we'll show you an instant estimate of how much could be subject to inheritance tax. This can help you better understand and prepare for any upcoming tax bill during an emotional time.
Please note: The results are estimates only and are based on standard UK Inheritance Tax rules, using the net estate value after debts. They assume standard allowances, no transferable allowances or reliefs, and apply a flat 40% tax rate. Actual liabilities may differ depending on individual circumstances, including estate size, exemptions, and transferable allowances.
Based on the estimated figures you have entered, this gives an estate value of:
House value:
£0Value of other assets:
£0Total deductions:
£0Total Estate Value:
£0Estimated Tax:
If property does not go to children
If property goes to children
Why choose Level for financial support?
Trusted provider
As one of the UK's few specialist family law and probate lenders, we've lent over £170 million to thousands of people in similar situations to you.
Fast, flexible solutions
Don't wait any longer than you need to. Our team can usually offer an in-principle decision in 1-2 working days, even in complex cases, avoiding further unnecessary delays.
Personal support
We know dealing with a loved one's estate can be challenging in lots of ways. Our friendly, expert lending team are here to guide you through the process.
FAQ's
Answers to some common questions
Calculating inheritance tax can be complex. This tool is designed to give you a quick estimate based on the information you enter, but we recommend a more in-depth review from a tax professional for detailed guidance. The results are estimates only and are based on standard UK Inheritance Tax rules, using the net estate value after debts. They assume standard allowances, no transferable allowances or reliefs, and apply a flat 40% tax rate. Actual liabilities may differ depending on individual circumstances, including estate size, exemptions, and transferable allowances.
The standard inheritance tax rate in the UK is 40% on any part of an estate above the tax-free threshold of £325,000. This applies to the money, property and possessions of the person who died. There are some reliefs and exemptions to be aware of, such as leaving everything to a spouse, partner, children or a charity.
Inheritance tax needs to be paid by the end of the sixth month after the person's death. It's either paid by the executor of a will or the administrator of the estate if there's no will, potentially creating a financial burden.
Yes, our Inheritance Tax Loan is purpose built to help executors pay and IHT liability to speed up probate when an estate has limited liquid funds to pay. We can pay HMRC directly within a few days.
