Work out wealth tax estimate instantly with clear inputs, formula shown and shareable results.
A wealth tax charges a small percentage of net assets above a threshold each year, unlike income tax which charges flows. Because it recurs annually, even a 1% rate consumes a substantial share of a low-yielding asset's return.
Wealth tax
Tax = (net assets - threshold) × rate
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
On an asset yielding 3% it is a third of the income, and it is payable whether or not the asset produced any cash.
Primary residences up to a limit, pension rights and business assets are commonly relieved in whole or part.