Reduced Rate of IHT if you leave at least 10% of your Estate to Charities

A novel new tax break due to come in from 6 April 2012 attempts to encourage you to pass at least 10% of your estate on death to a charity (or charities). If that happens the rate of inheritance tax on the rest of your estate reduces from the normal 40% to 36%.

Whether this is a big enough carrot for you to pick up is obviously a personal matter and we will be pleased to advise on exactly how it all works in your particular circumstances.

ICAEW

M. J. Shapcott & Co Limited, Charter House, Wyvern Court, Stanier Way, Wyvern Business Park, Derby DE21 6BF

Tel: 01332 680540 | Fax: 01332 662758 | Email: admin@shapcotts-accountants.co.uk