Translate an Inheritance Tax Calculation

You are dealing with a death and an inheritance tax calculation has arrived from a solicitor or HMRC. This explains the nil-rate band, whether the residence band applies, how the figures were reached and whether they look right for the estate. Good for executors and family members who need to understand the bill before signing anything off.

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You are dealing with a bereavement and have received an inheritance tax calculation from a solicitor or HMRC. You need to understand whether the calculation is correct and what it means for the estate administration.
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**Translate the calculation into plain English:**
1. Nil-rate band: what the inheritance tax threshold is and how it applies to this estate
2. Residence nil-rate band: whether this applies and how much additional relief it provides
3. The taxable estate: which assets are included in the calculation and which are exempt
4. Spouse and charity exemptions: any deductions that reduce the taxable estate
5. The amount due and payment deadline: when inheritance tax must be paid and whether any assets need to be sold
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- A plain-English breakdown of each element
- A summary: total estate, exemptions, taxable estate, tax due
- A payment timeline and next steps
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