Reducing Inheritance Tax bill by giving to charity
If your estate is worth over £325,000 when you die Inheritance Tax may be due. From 6 April 2012, if you leave 10% of your estate to charity the tax due may be paid at a reduce rate of 36% instead of 40%.
HMRC has published a calculator to work out whether an estate will qualify to pay the reduced rate of tax.
Date: 14th May, 2012
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
We have a new opportunity in our Milton Keynes office for an Audit Apprentice click on the link to apply… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole