Inheritance Tax Calculator 2026/27

Quick estimate of UK IHT: £325,000 nil-rate band plus £175,000 residence nil-rate band where a home passes to direct descendants. Both frozen through 5 April 2031.

Net estate after debts and exemptions (before nil-rate bands)

First deduct debts (e.g. mortgage, loans, funeral costs) and exempt transfers — gifts to a spouse or civil partner, and gifts to UK charities. This remains an estimate.

Value of home to direct descendants

Transferred NRB from late spouse (%)

0% (default 0 — only applies if a previously-deceased spouse or civil partner left an unused nil-rate band)

Transferred RNRB from late spouse (%)

Estimated Inheritance Tax

£60,000.00

Nil-rate band available£325,000.00

Residence NRB available£175,000.00

Residence NRB used£175,000.00

Taxable estate @ 40%£150,000.00

Assumptions and limitations

Nil-rate bands frozen at current levels through 5 April 2031.
RNRB tapers £1 for every £2 the estate exceeds £2m.
Ignores lifetime gifts within 7 years, business/agricultural relief, charitable-legacy 36% reduced rate and trust interactions.
Source: GOV.UK Inheritance Tax.