Inheritance Tax: How your ‘legacy’ could knock an IHT bill down to 36 percent – act now | Personal Finance | Finance –

Published On: Tue, Aug 31st, 2021

Inheritance Tax: How your ‘legacy’ could knock an IHT bill down to 36 percent – act now | Personal Finance | Finance


Leaving a fixed sum to charity, for example, may create issues if a person sees an income drop after they have written their Will.

To surmount this issue, individuals can specify a specific percentage of their estate goes to charity.

Otherwise, they could lay out specific bequests to family before leaving the remainder of their estate to charity.

This second action, however, could be impacted by rising house prices, as individuals may be left giving more than they originally intended.



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