Inheritance Tax Relief
INHERITANCE TAX PLANNING
Currently, in the UK, if your estate is worth more than £325,000, the executors of your will may have to pay inheritance tax at 40%. A way of reducing this bill is to leave 10% or more of your estate to charity as you may then qualify for a reduced rate of inheritance tax (36% rather than 40%).
You can calculate your predicted inheritance tax liability, and how this can be reduced with a gift to charity using the government’s inheritance tax calculator.
Inheritance tax can be complicated, so we suggest seeking professional advice.