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 (IHT) Write a Will Income Tax
Potentially Exempt Transfers (PET) Corporation Tax National Insurance
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