Inheritance tax is payable on your net estate over £ 312,000 . If your estate is on death in excess of this amount tax may be payable at 40 % on anything over £ 312,000 . Our calculator lets you see if you have a potential Inheritance Tax problem. You should not include any life assurance which is written in trust or payable to your spouse as these are excluded for tax purposes.

Important Note. This calculator does not take into account the numerous complex rules relating to Inheritance Tax and is not a substitute for professional advice. Your tax liability may be considerably more or less than the figure given to you by the calculator.

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