Inheritance tax

This calculator will provide an indication of the current Inheritance Tax liability that will be due on death of the clients (and spouse)

This will be based upon input of clients and spouses assets whether owned personally or jointly. This will include their personal, business, agricultural, pension assets, any life assurance and gifts made.

An IHT template is available to assist in collating the required information.

Will then calculate clients’ expected Inheritance Tax (IHT) liability on first and second death.

Inputs can be changes to demonstrate how planning can reduce clients’ IHT liability.

Also with the introduction of the Residence Nil Rate Band being phased in from April 2017, the potential future IHT liability is also shown on a separate page.