Inheritance Tax Calculator

An inheritance is also referred as estate tax in some countries. It is a tax to be paid by a person who inherits money or property or a levy on the estate of a deceased person. International tax law states that an inheritance tax is assessed on the legacies received by the estate's beneficiaries. Here is the online Inheritance tax calculator which helps you to calculate the tax to be paid based on the known inputs. This IHT calculator is capable of finding tax for different currencies.

IHT Calculator | Inheritance Tax Liability Calculator

Married      Unmarried

An inheritance is also referred as estate tax in some countries. It is a tax to be paid by a person who inherits money or property or a levy on the estate of a deceased person. International tax law states that an inheritance tax is assessed on the legacies received by the estate's beneficiaries. Here is the online Inheritance tax calculator which helps you to calculate the tax to be paid based on the known inputs. This IHT calculator is capable of finding tax for different currencies.

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Formula:

Total Assets = House + Cash + Investments + Other Assets + Life Insurance Total Liablities = Mortgage + Loans + Credit Cards + Other Liabilities Estate Worth = Total Asset - Total Liabilities Tax Free Allowance = 65000 (Married) Tax Free Allowance = 32500 (Unmarried) Net Worth = Estate Worth - Tax Free Allowance Inheritance Tax Bill = Net Worth x (40 / 100)

The above Inheritance tax liability calculator fetches inheritance tax for total assets, total liabilities, estate worth, tax free allowance, net worth and inheritance tax bill. Just enter the data in the online IHT calculator and click calculate to get your result.


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