HMRC provided us with information regarding a new online inheritance tax checking tool that was launched a few months ago. HMRC encourages you to use the tool and would like to receive your feedback on it. You can provide feedback on the tool itself or to the relevant mailbox:- hmrcguidanceteam@hmrc.gov.uk.
The new checker tool will:-
- give you an approximate value of the estate; and
- help you decide whether any inheritance tax is likely to be due or not.
The checker does not:-
- calculate the amount of inheritance tax that’s owed; or
- tell HMRC about the estate’s final value.