Leaving money to charity in your Will

Beenie · 13 July 2017 at 4:01PM

It used to be the case that if you left charitable donations in your will, that part of your estate was not liable to IHT.

I have read somewhere that probate fees/death duties/IHT free donations have changed recently, but I am not able to find clear information myself.

Can someone explain the new rules, or point me in the right direction?

Thanks

antrobus · 14 July 2017 at 7:07PM

See here
https://www.gov.uk/donating-to-charity/leaving-gifts-to-charity-in-your-will

Keep_pedalling · 14 July 2017 at 10:21PM

The rules on gifts to charities has not changed, all bequests to charities are tax free, and if you estate is in IHT territory, gifting 10% of your estate to charity reduces the % of tax applied to the rest of it.

The recent rule changes are the primary residence nil rate band that now allows a couple to leave up to £850k tax free providing they own a home and the bulk of their estate is left to their children or grandchildren. The £850k will rise to £1M by 2021.

Leaving money to charity in your Will

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