Inheritance tax 2020/21 2019/20 Inheritance tax - A basic first checkThis is a basic individual calculator that takes into account your primary assets and liabilities. The estimated inheritance tax liability (IHT) is almost certain to be subject to variation as a result of tax planning, potentially exempt transfers (PETs) and so on. So please regard the result as a ‘first indicator’ of the approximate liability your estate has to IHT. This calculator does not include any increase in the IHT allowance to which you might be entitled if you are the surviving spouse and your deceased's estate did not fully use the available annual exemption. Your Assets * Business (£): * House (£): * Savings (£): * Investments (£): * Life policies (£): * Other assets (£): Your Liabilities * Mortgage (£): * Loans (£): * Other liablilities (£): Charitable bequests * Charitable bequests (£): Residence nil-rate band: Don't Apply RNRB Apply RNRB Choose this if the residence nil-rate band can be applied to your House value. The value of your business and the extent to which this should be included in your estate requires careful consideration and an understanding of tax law. Please contact us to discuss.