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  • FIRST POST
    • Beenie
    • By Beenie 13th Jul 17, 4:01 PM
    • 1,059Posts
    • 1,129Thanks
    Beenie
    Leaving money to charity in your Will
    • #1
    • 13th Jul 17, 4:01 PM
    Leaving money to charity in your Will 13th Jul 17 at 4:01 PM
    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
Page 1
    • antrobus
    • By antrobus 14th Jul 17, 7:07 PM
    • 15,039 Posts
    • 21,370 Thanks
    antrobus
    • #2
    • 14th Jul 17, 7:07 PM
    • #2
    • 14th Jul 17, 7:07 PM
    See here
    https://www.gov.uk/donating-to-charity/leaving-gifts-to-charity-in-your-will
    • Keep pedalling
    • By Keep pedalling 14th Jul 17, 10:21 PM
    • 3,565 Posts
    • 3,835 Thanks
    Keep pedalling
    • #3
    • 14th Jul 17, 10:21 PM
    • #3
    • 14th Jul 17, 10:21 PM
    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.
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