July 2011 | UK Iheritance Tax and Charities

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.

Share

Aileen Keogan | Solicitor & Tax Consultant | 21 The Avenue | Louisa Valley | Leixlip | Co. Kildare | Ireland

Tel: +353 1 624 7345 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Copyright © 2018 | Aileen Keogan | Solicitor & Tax Consultant | All Rights Reserved.