Calculate inheritance tax liability with nil rate bands, residence allowances, and comprehensive exemptions
Enter estate details to calculate IHT liability with all available allowances and exemptions
| Allowance/Rate | Amount | Details |
|---|---|---|
| Nil Rate Band | £325,000 | Standard IHT threshold |
| Residence Nil Rate Band | £175,000 | Additional allowance for main residence |
| Combined Allowance (individual) | £500,000 | Maximum allowance for single person |
| Combined Allowance (married couple) | £1,000,000 | Maximum allowance for married couples |
| Standard IHT Rate | 40% | Rate on estate above allowances |
| Reduced Rate (charity) | 36% | When 10%+ left to charity |
| Annual Gift Exemption | £3,000 | Per person per year |
| Relief Type | Rate | Qualifying Assets |
|---|---|---|
| Business Property Relief | 100% | Unquoted shares, business assets |
| Business Property Relief | 50% | Quoted shares (controlling interest) |
| Agricultural Property Relief | 100% | Owner-occupied farmland |
| Agricultural Property Relief | 50% | Let agricultural property |
| Spouse/Civil Partner | 100% | Unlimited exemption |
| Charitable Gifts | 100% | Gifts to UK registered charities |