Inheritance Tax reduced rate calculator
You may qualify to pay Inheritance Tax at a reduced rate of 36% if you leave at least 10% of your net estate to charity.
Use this calculator to work out the amount needed to qualify if you’re:
- preparing your own will
- the executor of the deceased’s will or administrator of their estate - if the death was after 6 April 2012
You can’t use this calculator if:
- the death was before 6 April 2012
- there are charges from the deferral of tax for woodlands or heritage assets - tax on these is always 40%
- Inheritance Tax is due on a trust and there has been no death
Before you start
You’ll need to know:
- the value of the assets in the estate
- how the assets are owned
- the total value of the assets in each part of the estate (‘component’)
- the value of any debts and liabilities that must be paid out of the estate
- the amount of any Inheritance Tax relief and exemptions
- the amount of any charitable donations already made
- the value of the threshold (‘nil rate band’)
- the value of gifts the deceased made in the 7 years before death