Charitable Gifts

Gifts to charity are normally free of Inheritance Tax and reduce the estate according to the amount gifted. As a bonus to encourage charitable giving, if you give away more than 10% of your estate to charitable causes then your entire estate will qualify for a reduced IHT rate of 36% rather than 40% on the value of the estate after the IHT allowance and charitable donation has been deducted.

Also see

Tax Planning Income Tax on Savings and Dividends Capital Gains Tax

Entrepreneur’s Relief Inheritance Tax Income Tax Write a Will

Potentially Exempt Transfers Corporation Tax National Insurance