technofatty Questions, awkwardly answered.

Questions, awkwardly answered.

Money · IHT check

Inheritance Tax Reality Check

Is the estate in the inheritance tax zone? Takes estate value, nil-rate band, and gifts in the last seven years. Many families are in the zone without knowing.

Instant result Plain-English why Copyable takeaway
Money Under 2 minutes Result card

IHT check

Enter the estate value, whether a main residence is included, and gifts made in the last seven years. Podge calculates the estimated inheritance tax bill and whether you're in the threshold zone.

What this means

No waffle. Just the number and how it was worked out.

Formula used

IHT = max(0, (estate - nil_rate_band - residence_nil_rate_band - exempt_gifts) × 0.40)

Worked example

An estate of £700,000 including a main residence passing to children: nil-rate band £325,000 + residence nil-rate band £175,000 = £500,000 threshold. Taxable at 40% on £200,000 = £80,000 IHT bill.

Common questions

What is the inheritance tax nil-rate band?
The nil-rate band is the threshold below which no inheritance tax is charged. It is currently £325,000. A married couple or civil partners can combine their allowances for up to £650,000.

What is the residence nil-rate band?
An additional £175,000 allowance for estates that include a main residence being passed to direct descendants. It phases out for estates above £2 million.

Plain-English summary

The result summary for this calculator will live here.

This section translates the result into a short, direct takeaway rather than leaving the page at a bare number.

Disclaimer: This is an illustrative IHT model based on current UK thresholds. It does not constitute tax or legal advice. Consult a qualified tax adviser for estate planning.

After this verdict

Try Percentage Change Engine next

Work out the percentage increase or decrease between two values with a clear result and worked explanation.

Open the next verdict

Related instruments

Keep going

Percentage Change Engine

Work out the percentage increase or decrease between two values with a clear result and worked explanation.

Open verdict

VAT Engine

Add or remove VAT from a price with clear totals, tax breakdown, and net versus gross context.

Open verdict

Subscription Shame Index

Find out how much your subscriptions are quietly costing you in money and attention.

Open verdict