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FAQ: Reduced inheritance tax when donating 10 per cent to charity in will

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This Law Society Library FAQ is on the topic of reduced inheritance tax when donating 10 per cent to charity in a will.

From 6 April 2012 anyone leaving 10 per cent of their taxable estate to charity will qualify for a reduced rate of inheritance tax.

The Library has various precedents to help with drafting in such circumstances.

Law Society, Charities as Beneficiaries. 3rd ed. (2012)

Appendix F: STEP draft model clause for wills benefitting a charity to satisfy the 10 per cent test

Williams on Wills. 10th ed. (2014)

Form F3.11: Deed of variation of trusts of residuary estate increasing a charitable gift so as to qualify for the reduced IHT rate on the chargeable part of the estate

Encyclopaedia of Forms and Precedents, vol. 42(3), 2012 reissue, Wills and Administration

Form 110: Formula gift to charity to take advantage of the reduced rate of inheritance tax under the Inheritance Tax Act 1984 Schedule 1A: general component only

Form 111: Formula gift to charity to take advantage of the reduced rate of inheritance tax under the Inheritance Tax Act 1984 Schedule 1A: merging components

Form 112: Formula gift of specific sum or other property to charity to take advantage of the reduced rate of inheritance tax under the Inheritance Tax Act 1984 Schedule 1A

Practical Will Precedents, (looseleaf, 1987 - )

Section J, Subsidiary documents, Forms 2.m Redirection of 10 per cent of chargeable free estate

For further help and enquiries please contact the Law Society Library on 020 7320 5946 or e-mail us

Disclaimer

This FAQ is compiled by the Law Society Library. While every effort has been made to ensure the accuracy of the information in this article, it does not constitute legal advice and cannot be relied upon as such. The Law Society does not accept any responsibility for liabilities arising as a result of reliance upon the information given.

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