Charitable Gifts
Gifts to charity are normally free of Inheritance Tax (IHT) and reduce the estate according to the amount gifted. As a bonus to encourage charitable giving, if you give away more than 10% of your estate to charitable causes then your entire estate will qualify for a reduced IHT rate of 36% rather than 40% on the value of the estate after the IHT allowance and charitable donation has been deducted.
TAX TREATMENT IS BASED ON INDIVIDUAL CIRCUMSTANCES AND MAY BE SUBJECT TO CHANGE IN THE FUTURE.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE INHERITANCE TAX PLANNING.
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