Estimate the likely Inheritance Tax position on an estate and find out what level of property valuation
will be required. Indicative only — not tax or legal advice.
About the estate
Assets
£
Open market value at date of death (s.160 IHTA 1984).
£
Cash, investments, chattels, vehicles.
£
Mortgage, loans, funeral expenses.
Allowances & reliefs
Only applies if a former spouse died first and their nil-rate band wasn't fully used.
A bequest of 10%+ of the net estate reduces the IHT rate from 40% to 36%.
Estimated Inheritance Tax
£0
-
Estate breakdown
Property
£0
Other assets
£0
Less: debts & funeral
-£0
Net estate
£0
Less: nil-rate band
-£0
Less: residence nil-rate band
-£0
Taxable estate
£0
IHT rate
40%
Recommendation
-
-
-
Important: This tool provides a simplified estimate based on 2026/27 UK Inheritance Tax rules
(nil-rate band £325,000, residence nil-rate band £175,000, both frozen until April 2030). It does not constitute
tax, legal or valuation advice. It ignores lifetime gifts (which may be added back under the 7-year rule),
business and agricultural relief, trusts, foreign assets, and many other factors. For probate, HMRC requires
open market value at date of death — obtain a formal valuation from a qualified RICS surveyor and seek advice
from a solicitor or STEP practitioner before submitting Forms IHT400 or IHT205/IHT207.