This financial planning tool provides the Inheritance Tax liability on a series of lifetime gifts made by your client based on the information you provide. It also shows the remaining nil rate band (if any) available for the estate on death.
Capital withdrawal financial planning tool
Calculates the capital gain on a given withdrawal from an investment or the amount of withdrawal required to utilise an individual’s, or trustee’s, capital gains tax allowance.
Capital Gains Tax Reporting
This tool is designed to report on a client’s gain or loss position within their Collective Investment Account holdings.
Chargeable Gain Tool
Calculates the chargeable events for part surrender of all policies, a full surrender of individual policies and full surrender of all policies within your clients bond. It is not suitable for company owned investments because life and redemption contracts owned by a company are taxed under the Loan Relationship Rules.
Chargeable event gains – income tax calculator
Calculates the income tax payable, after available reliefs, for one or more chargeable event gains on a life or redemption policy. It can’t be used where the gain is assessable on trustees, or where a company owns the investment, because life and redemption contracts owned by a company are taxed under the ‘loan relationship’ rules.
Note: If using Internet Explorer please choose to ‘save’ the calculator prior to opening or open using Chrome if you experience problems.
Discretionary Trust Tax calculator – this calculator allows you to calculate IHT charges applicable to a discretionary trust.
A useful expenditure tool which your clients can use to record each payment. This information can then be copied onto form IHT403 for passing to HMRC.