Inheritance Tax is no longer a tax that only affects the rich. Any single person with net assets of more than £325,000 (tax year 2009/10) or married couples / civil partners with net assets of more than £650,000 (tax year 2009/10) are liable to pay Inheritance Tax. This is charged at 40% (£40 in every £100) on the value of their assets over and above these amounts. Use our quick calculator to see if you have a potential Inheritance Tax liability.
Inheritance Tax Calculator
Please note that this can not replace professional advice and offers an approximate indication only. There are other factors that may need to be taken in to account before an accurate assessment of liability to Inheritance Tax can be made.