Inheritance tax (IHT) relief on charitable legacies

Inheritance tax (IHT) relief on charitable legacies increased from £760 million to £880 million in the 2015–2016 tax year, according to HM Revenue & Customs figures. The total relief has almost doubled since a special reduced rate of IHT was introduced in April 2012 for estates of which more than 10 per cent are left to charity.

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By | 2017-01-01T18:47:46+00:00 July 5th, 2016|Inheritance Tax|Comments Off on Inheritance tax (IHT) relief on charitable legacies