Inheritance Tax Calculator

The Inheritance Tax (IHT) Calculator allows you to find out the approximate IHT liability on your estate by factoring in your property, investments and cash value, along with the number of Nil Rate Bands (NRB) you are entitled to.

Client Details

Existing investments Property value Investments value Cash value Pension value (post 5 April 2027) Existing BR/APR Existing AIM BR

Amount Property value

Investments value

Cash value

Pension value (post 5 April 2027)

Existing BR/APR

Existing AIM BR

Growth rate assumption Property Growth

Investments Growth

Cash Growth

Pension Growth

Existing BR/APR Growth

Existing AIM BR Growth

Estate Value £0

£0

Nil Rate Bands (NRB) Available percentage of Standard NRB ? Available percentage of Residence NRB ?

Nil Rate Bands Available percentage of Standard NRB Please enter a percentage from 0% to 500%. Note, most clients will have either 100% Standard NRB (i.e. single person) or 500% Standard Nil Rate Band (i.e. married couples/civil partners on second death).

Available percentage of Residence NRB Please enter a percentage from 0% to 500%. Note, most clients will have either 0% Residence NRB (i.e. those that will not qualify), 100% Residence NRB or 500% Residence Nil Rate Band (i.e. married couples/civil partners on second death).

For further information on NRBs and the qualifying criteria for these please visit Gov.uk

View Potential Tax Savings from Business Relief View Potential Tax Savings from Business Relief See the impact that investing in a Business Relief service could have on your clients' IHT liability.: New Business relief investments New Unquoted Business Relief Investment ? New AIM Business Relief Investment ? How much has come from cash? ? How much has come from investments? ? How much has come from pensions? ?

Amount New Unquoted Business Relief investement Please enter an amount for New Unquoted Business Relief investment
£
New AIM Business Relief investement Please enter an amount for New AIM Business Relief investment
£
Cash value Please state how much of this New Business Relief investment will come from the clients’ cash holding given above
£
Investments value Please state how much of this New Business Relief investment will come from the clients’ investment holding given above
£
Pensions value Please state how much of this New Business Relief investment will come from the clients’ pensions given above
£

Replacement Relief Please state whether any replacement relief should be considered with these inputs. Unquoted BR Replacement Relief AIM BR Replacement Relief

Change Inputs

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Inheritance tax can be a complicated topic and this calculator is intended to help you understand some of the key areas. It has been prepared in good faith and is based on our understanding of the law and our interpretation of it. However we do not provide tax advice. So, although we have tried to illustrate the effect of inheritance tax in a simpler manner, this calculator is not intended as a proxy for taking professional advice.

The calculator does not take into account levels of income and expenditure and how these may impact the estate value over time.

The output of the calculator is based on current legislation, which may be subject to change. This is for illustrative purposes only and does not constitute advice.

This calculator is provided for illustrative purposes only and does not constitute advice by TIME Investments (‘TIME’) and should not be taken as a basis for investment. Independent tax advice should be obtained and TIME does not warrant that this calculator is free from error.

Assumptions

Both individual and spouse are UK domiciled

Individual is leaving less than 10% of Estate to charity*

Property value relates to a single property that should qualify for RNRB**

No downsizing of the property will take place

Current investments do not qualify for Business Property Relief

Current investments do not include any PETs

*(more than 10% would reduce IHT rate to 36%)

**(e.g. it is being left to direct descendants)

Inheritance Tax Calculator

View Potential Tax Savings from Business Relief

View Potential Tax Savings from Business Relief

Further Information & Calculation Assumptions

Assumptions