July 2011 | UK Iheritance Tax and Charities

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There is now a reduced rate of UK inheritance tax (IHT) of 36% for estates that provide that more than 10% or more will pass to charity. UK IHT is generally charged at the rate of 40% in excess of the exempt threshold (for 2011 Stg£325,000).

This new reduction has the effect that charities as opposed to beneficiaries will benefit.

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