Chancellor makes changes to Inheritance Tax when gifting to charity

By: Wolverhampton Wills  10/05/2011
Keywords: legal services, wills, will writers

In the 2011 budget, the Chancellor George Osborne made changes to Inheritance Tax. If you gift money to charity in your will the rate you pay is reduced to 36% from the usual 40%. But more significantly, if you leave more than 10% of the value of your estate to charity you get a 10% reduction. This could be a good form of IHT (inheritance tax) planning for the future.

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