What is the Inheritance Tax (IHT) threshold in 2026?

The basic Nil-Rate Band is £325,000 per individual. Adding the £175,000 Residence Nil-Rate Band brings an individual's tax-free threshold to £500,000. Surviving spouses or civil partners can combine unused allowances for up to £1,000,000 tax-free.

What rate is Inheritance Tax charged at above the threshold?

Inheritance Tax is charged at 40% on the portion of the estate that exceeds your total tax-free Nil-Rate Band allowances.

What is the Inheritance Tax (IHT) threshold in 2026?

The basic Nil-Rate Band is £325,000 per individual. Adding the £175,000 Residence Nil-Rate Band brings an individual's tax-free threshold to £500,000. Surviving spouses or civil partners can combine unused allowances for up to £1,000,000 tax-free.

What rate is Inheritance Tax charged at above the threshold?

Inheritance Tax is charged at 40% on the portion of the estate that exceeds your total tax-free Nil-Rate Band allowances.

Home/Uk/Inheritance Tax Iht Nil Rate Band Calculator

HMRC IHT Rules 2026£500k / £1M Tax-Free Limit40% Tax Rate

Inheritance Tax Nil-Rate Band Calculator

Calculate your Inheritance Tax (IHT) tax-free thresholds, combining the £325,000 Nil-Rate Band and £175,000 Residence Nil-Rate Band (up to £1 Million for married couples).

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