IHT Calculator

Calculate your Inheritance Tax Liability

Calculate your current UK Inheritance Tax (IHT) liability and identify how much you could save by establishing and maintaining Non-Long Term UK Resident (Non-LTR) status.

Please select an option

Single Person Calculator

Assets	UK situs assets	Non-UK situs assets
Property
Personal valuables
Bank accounts
PEPs / ISAs
Shares
Life insurance (not in trust)
Car(s)/ Vehicles
Other assets
Total assets	£0	£0
Total liabilities: Mortgage / loans / other debts
Estate is worth (Value of estate)	£0	£0

IHT LIABILITY	UK RESIDENT [for more than 10 of the past 20 years]
Total Assets	£0
Available Nil Rate Band	£0
Nil Rate Band Used	£0
IHT (at 40%) to pay on death	£0

IHT LIABILITY	NON-UK RESIDENT [for the past 10 years]
Total Assets	£0
Available Nil Rate Band	£0
Nil Rate Band Used	£0
IHT (at 40%) to pay on death	£0

Married / Civil Partnership Calculator

Assets	UK situs assets held by couple¹	Non-UK situs assets held by couple¹
Property
Personal valuables
Bank accounts
PEPs / ISAs
Shares
Life insurance (not in trust)
Car(s)/ Vehicles
Other assets
Total assets	£0	£0
Total liabilities: Mortgage / loans / other debts
Estate is worth (Value of estate)	£0	£0

IHT LIABILITY	UK RESIDENT MARRIED COUPLE [UK resident for more than 10 of the past 20 years]
Total Assets ¹	£0
Available Nil Rate Band²	£0
Nil Rate Band Used	£0
IHT (at 40%) to pay on death of 2nd partner	£0

IHT LIABILITY	NON-UK RESIDENT MARRIED COUPLE [Non-UK resident for the past 10 years]
Total Assets¹	£0
Available Nil Rate Band²	£0
Nil Rate Band Used	£0
IHT (at 40%) to pay on death of 2nd partner	£0

¹ Based on assets being held in joint tenancy and passing automatically to survivor

² The nil rate band (NRB), also known as the inheritance tax (IHT) threshold, is the amount up to which an estate has no IHT to pay.
Any unused NRB may be transferred to a surviving spouse or civil partner. The current NRB is £325,000.

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* Your personal information will be treated as confidential by us and held in accordance with the UK Data Protection Act 2018 and UK General Data Protection Regulation (UK GDPR). By providing your contact details to us via this website you agree that such personal information may be used to provide you with details of our services and products by email, by telephone, or in writing. This online tool and the outputs provided are for information purposes only and do not constitute financial, tax, or legal advice. Please schedule a meeting to discuss your circumstances and to receive personal financial planning advice.

FAQs

Inheritance Tax (IHT) is a tax levied by the UK government on the estate (property, assets, and money) of someone who has passed away.

Chargeable at a standard rate of 40%, it is typically payable if the total value of the estate exceeds a threshold, known as the 'Nil Rate Band' (NRB). As of 2025, the NRB is set at £325,000 (per individual).

Whether your estate is liable for IHT is also determined by your UK residence status and your 'Long Term Resident' (LTR) status.

The standard rate for Inheritance Tax (IHT) is 40%.

It is charged on the value of your estate that exceeds the 'Nil Rate Band' threshold.

IHT liability is calculated at death and must typically be paid before the estate is distributed to beneficiaries.

The standard rate can be reduced to 36% if at least 10% of the value of the estate is left to charity.

The Nil Rate Band (NRB) is the threshold up to which an estate incurs no Inheritance Tax.

As of 2025, the NRB is set at £325,000 per individual. Any value below this amount is exempt from IHT.

If your estate's value exceeds the NRB, the value of your estate in excess of the NRB threshold is liable for IHT.

Key aspects of the NRB:

Transferable between spouses: Any unused NRB from the first spouse to die can be transferred to the surviving spouse, effectively doubling the NRB for a married couple to £650,000.
Residence Nil Rate Band (RNRB): An additional allowance may apply (currently up to £175,000) if the family home is passed to direct descendants. However, this is subject to tapering for estates over £2 million.

UK Long Term Resident (LTR) status applies to individuals who have been resident in the UK for more than 10 of the previous 20 tax years.

If you are unsure about your UK residence status for each of these previous tax years, you can refer to the HMRC Statutory Residence Test or download our Guide to the Statutory Residence Test.

Your LTR status affects how your worldwide assets are taxed upon your death:

If you have LTR status your UK and non-UK assets are included in the scope of your estate for IHT purposes.
If you establish and maintain Non-LTR status only your UK situs assets are included in the scope of your estate for IHT purposes, and your non-UK situs assets become exempt from IHT.

It is therefore extremely important to understand your UK resident status and LTR status.

More information about LTR status is available on the HMRC Website.

Establishing and maintaining Non-LTR status can significantly benefit your Inheritance Tax position.

Non-LTR individuals are typically only subject to IHT on UK situs assets, meaning overseas assets are typically exempt from IHT.

Establishing and maintaining Non-LTR status provides an opportunity therefore to substantially reduce potential IHT liability on global wealth for internationally mobile individuals.

To establish and maintain Non-LTR status, you must limit your residency in the UK to fewer than 10 out of the last 20 tax years.

Regular monitoring of your residency status, careful management of your time spent in the UK, and seeking planning advice are important steps.

Strategic planning with an international financial planner and tax advisor, and regular monitoring of your residency status [with careful management of your time spent in and ties to the UK] will help you to secure and maintain this beneficial status.

Book an Initial Estate Planning Consultation

Careful consideration of your inheritance tax exposure, and how this could impact the value of the assets that you pass on to your loved ones, is extremely important if you are to avoid significantly diminishing your family's inheritance. To discuss with an international financial planner how we can help you create a robust plan to ensure that your wealth is passed on to your beneficiaries in the most tax efficient way possible, contact us today.

Niamh Aitken DipPFS

International Financial Planner

Jamie Tulip

International Financial Planner

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