Tax Rate %

Nil Rate £

Total Estate

Tax Free share

Taxable Share

Input

This is  a new web page. It should work well but the only way I can find out is if users tell me. I would therefore be grateful if you would send back a comment either positive or negative so that I can find out how useful this web page is and what the problems are if any.

Comments:

Tax Free Element

Taxable Element

Tax

Total Estate

This is  a new web page. It should work well but the only way I can find out is if users tell me. I would therefore be grateful if you would send back a comment either positive or negative so that I can find out how useful this web page is and what the problems are if any.

RESULTS

Re-Benham Calculations

This uses Jave-script for calculations. Make sure it is enabled on your browser.

The purpose of this page is to apportion a taxable estate between taxable and non taxable beneficiaries so that the net estate after tax is apportioned between them in a fixed proportion

Instructions
All fields in the input form are editable.

Tax Rate %
This is set at 40% and only needs to be altered if Inheritance tax rates change.

Nil Rate £
This is to enable you to adjust the Nil rate band appropriate to the estate either because of

1) Rate changes

2)unused allowances inherited from spouces.

3) Where there are Specific bequests see "Specific Bequests"  for notes on allowing for specific bequests.

Amounts can be input with a pounds sign or not as you wish and numbers can include a comma seperator.

Total Estate
This is the total estate less any spcecific bequests but note that an adjustment is needed to the amount specified in the Nil Rate box.

Tax Free Share & Taxable Share
These can be percentages but generally the are numbers representun a ratio.

Calculate Button
The results should appear in "Results" section of the page.

Specific Bequests
If Specific bequests are less than the nil Rate Band just reduce both the Estate and the Nil Rate Band by the amount of the specific Bequests.

Problems "Nothing Happens"
Look at the instructions again and check what is on the screen as input and see if any fields are missed out or have extraneous letters in them. Reload the page and try again.

This is  a new web page. It should work well but the only way I can find out is if users tell me. I would therefore be grateful if you would send back a comment either positive or negative so that I can find out how useful this web page is and what the problems are if any.

Comments: