01480 22 22 80 info@brightadvice.co.uk

Married couples and civil partners are allowed to pass their possessions and assets to each other tax-free and, since October 2007, the surviving partner is now allowed to use both tax-free allowances (providing one wasn’t used at the first death). Gifts made within the last seven years are not included in the calculations but may be liable to IHT on a sliding scale. Calculations based upon the current understanding of HM Revenue & Customs practices and the values shown are dependent upon individual circumstances.

Inheritance Tax

A quick and easy way to calculate an Inheritance Tax (IHT) liability. The figures provided by this calculator are for illustrative purposes only. Calculations are only a guide and cannot be guaranteed.

Actual figures will vary in individual circumstances.

Complete the information required and the results will appear automatically at the end of the form.

Estate assets
Property: main residence £
Savings: current account/s, deposit account/s, premium bonds £
Investments: shares/equities, unit trusts, investment trusts, ISAs, investment bonds £
Other assets: cars, holiday home/s, antiques, jewellery, works of art, boat, gifts of capital made within the previous 7 years £
Life insurance policies: policies not written in an appropriate trust £
Are you married?
Estate liabilities
Mortgage: £
Loans/overdrafts: £
Credit cards: £
Other liabilities: outstanding bills, hire purchase, funeral expenses £
Your Results Will Automatically Update Below
Estate summary
Total assets:
Liabilities:
Estate value:
Tax-free allowance: this allowance will remain the same for 2010-2015
Net worth:
Inheritance Tax bill:

Results are for your general information and use only and are not intended to address your particular requirements. Results should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice. Although endeavours have been made to provide accurate results and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of using this calculator. Thresholds, percentage rates and tax legislation may change in subsequent finance acts. Homeowner Loans: The actual rate available will depend upon your circumstances. If you are seeking a mortgage loan, then you must make a formal application to an appropriate mortgage lender, who will consider your application in accordance with their lending criteria. Mortgage loans are normally subject to a formal valuation of the property and proof of your earnings.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Bright Advice
Yew Tree House
Church Street
St Neots
PE19 2BU

01480 22 22 80
info@brightadvice.co.uk

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Bright Advice is a trading style of Lifetime Wealth Management Limited, an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority.

The Financial Conduct Authority do not regulate Buy to Let Mortgages, Wills or Trusts.

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