Do you know how much your client's worth?

For financial advisers only

Complete this form to find out if your client(s) have a potential inheritance tax (IHT) liability, and how much it could be.

For married couples and civil partnerships, any IHT liability might not occur until the second death, depending on the provisions of their wills and their respective domicile statuses. If you're using this calculator for a married couple or civil partnership where the IHT liability is going to arise on the second death, enter the value of the couple's combined wealth and liabilities.

Assets

Things that are worth money that will be included in the overall value of your client's estate. If they have any jointly-owned assets, enter the value of the share your client owns.

£ .00
£ .00
£ .00
£ .00
£ .00
£ .00
Total
£0

Liabilities

Things that your client still owes money for that are deducted from the overall value of their estate.

£ .00
£ .00
Total
£0

Reliefs

Any reliefs that your client's entitled to on the assets listed above.

Total
£0

Nil rate bands

Any nil rate bands that are available for your client to off-set against their estate.

£ .00

The default nil rate band until April 2021 is £325,000

Total
£325,000

Your results

Net value of estate
£0
Nil rate band available
£0
Value of estate liable to IHT
£0
IHT liability at 40%
£0

So far your IHT liability at 40% is £0

This is a simple calculator to help illustrate what a client's IHT liability could be. It doesn't take account of any gifts made in the previous seven years. Your client should take their own tax advice in relation to their IHT position.

This information is based on our understanding of current taxation law and HM Revenue & Customs (HMRC) practice, which may change. The value of any tax relief depends on the individual circumstances of the investor.