Gifts to charity can be very tax efficient. Lifetime gifts can benefit from income tax relief and are free of inheritance tax. Gifts in your will also escape inheritance tax but, if they are substantial enough, will lead to your family paying a lower rate of inheritance tax than normal. It is important that your will is correctly drafted if you want to take advantage of this additional relief: we can help ensure you meet the necessary conditions.
To find out more, call us on +44(0)330 024 3200 and speak to one of our estates and trusts experts.