Taper Relief & Gifts Calculator

Track chargeable lifetime gifts and estimate how the nil-rate band and taper relief may affect Inheritance Tax.

The estimate treats gift amounts entered as chargeable after any exemptions. For example, a £425,000 chargeable gift made 4.5 years before death uses £325,000 of the nil-rate band; the £100,000 excess is taxed at £40,000 before 40% taper relief, leaving estimated tax of £24,000.

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How this estimate works

Chargeable gifts made within seven years use the £325,000 nil-rate band in date order, earliest first. Tax is calculated only on any amount above the remaining band, then taper relief reduces that tax. Gifts made more than seven years before death do not use the band. Exemptions are not assessed by this planner; enter amounts after any exemptions that apply.