Outright gifts to charity are exempt from IHT whether made on death or during lifetime. However, where someone leaves at least 10% of their net estate to charity, rules introduced in April 2012 mean that the rate of IHT on the rest of the estate can be reduced from 40% to 36%. Professional advice is essential to ensure that the Will is drafted in such a way that the 10% reduction in IHT applies.
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