Charitable Gifts

Gifts to charity are normally free of Inheritance Tax 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.

Also see -

Tax Planning Income Tax on Savings and Dividends Capital Gains Tax

Entrepreneur's Relief Inheritance Tax Income Tax Write a Will

Potentially Exempt Transfers Corporation Tax National Insurance

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