Gifts in Wills FAQ
Frequently Asked Questions
Are there inheritance tax benefits of leaving a gift to charity in my Will?
A gift in your Will to any charity is not subject to Inheritance Tax (IHT). By remembering Yorkshire Cancer Research in your Will you may be able to reduce the taxable value of your assets and so lower the amount of inheritance tax due on your estate. Furthermore, if you leave 10% or more of your estate to charity, you will be taxed at a lower rate (36% instead of 40%) on any part of your estate that qualifies for inheritance tax.
We recommend speaking to your solicitor or financial adviser to find out the most tax efficient options available to you. To check the current threshold at which inheritance tax applies, please visit the government website, www.gov.uk.