IHT Calculator
Recent Budget Changes to IHT Relief
From 6 April 2026, significant changes will affect Inheritance Tax (IHT) reliefs:
- Agricultural Property Relief (APR) and Business Property Relief (BPR) will be limited to 100% relief on the first £1 million of combined qualifying assets
- Assets exceeding £1 million will receive 50% relief
- Alternative Investment Market (AIM) shares relief will be reduced to 50%
- From April 6, 2027, most unused pension funds will become subject to IHT
How to Use This Calculator
1. Enter your assets one by one using the form below, selecting the appropriate asset type
2. Alternatively, upload a CSV file with your asset details (format: type,value)
3. View the detailed calculation breakdown in the results section
4. Use the ‘Remove’ button to delete individual assets or ‘Clear All’ to start over
Add Assets
Calculation Results
Detailed Calculation Breakdown
Summary
Pre-Budget IHT: £0
Post-Budget IHT: £0
Difference: £0
Payment Terms for Additional IHT
Any additional IHT arising from the changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) can be paid over a 10-year period with no interest charges.
Important Notice
HMRC is currently conducting consultations with stakeholders regarding these proposals. The final implementation may differ from these current proposals based on stakeholder feedback and further policy development.
Disclaimer: This calculator is for illustrative purposes only and should not be relied upon for tax planning decisions. Please consult with a qualified tax professional for specific advice regarding your circumstances.
The calculations are based on the announced changes in the UK Budget and may be subject to further amendments before implementation.
