🧾
Read as: the assets in your estate that count towards inheritance tax. Most estates owe nothing — the first £500,000 is tax-free. Yours is a little above, so here's what counts and roughly where it stands. Nothing is owed now; this is only a guide.
computed against INHERIT · E&W Tax · reviewed: Stable
These 5 assets make up your £560,000 estate. After the £500,000 tax-free allowance, about £60,000 is potentially taxable — an estimated £24,000 in tax before any planning.
See the full estimate →
5 in-estate assets count towards inheritance tax · jointly-held items that pass straight to your wife are not counted here.
Property1
🏠
🧾 Counts towards IHT
42 Oakwood Avenue — your share
Family home · covered by the £175k residence band
Accounts & pensions1
🏦
🧾 Counts towards IHT
Halifax savings & ISA
Sole accounts · balances form part of the estate
Items3
⏱
🧾 Counts towards IHT
Rolex Submariner 116610LN
Watches · part of the estate’s personal possessions
🪙
🧾 Counts towards IHT
Gold Sovereign Collection
Coins · part of the estate’s personal possessions
🚂
🧾 Counts towards IHT
Model Railway Collection (47)
Model railways · part of the estate’s personal possessions