Inheritance Tax Calculator

The Inheritance Tax Calculator helps you estimate the potential tax liability on an estate. Simply enter the total value of the estate and any applicable tax-free threshold (also known as the nil-rate band), and the calculator will show the taxable amount and estimated inheritance tax. This tool is helpful for estate planning and understanding potential obligations for heirs.

Frequently Asked Questions

What is inheritance tax?

Inheritance tax is a tax on the estate (property, money, and possessions) of someone who has died.

What is the tax-free threshold?

This is the amount up to which no inheritance tax is charged, often referred to as the nil-rate band.

What is the standard inheritance tax rate?

In many countries, like the UK, the standard rate is 40% on the portion of the estate above the threshold.

Can the tax-free threshold be increased?

Yes, under certain conditions like passing the estate to a spouse or using transferable allowances, the threshold may be higher.

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