TaxPersonal TaxBudget2011: Inheritance tax breaks for charity donations announced

Budget2011: Inheritance tax breaks for charity donations announced

People who leave money to charity will have this taken off their inheritance tax bills

PEOPLE WHO LEAVE money to charity will see their inheritance tax rates cut.

George Osborne said that people who leave 10% of their estate to charity will have their inheritance tax rates cut by 10%.

This will provide £300m for charities, he said. No one will be worse off for leaving money to charity, he added.

Follow the Budget as it happens at accountancyage.com/tag/budget

 

(Picture © HM Treasury)

Related Articles

Spring Budget leaves HNWIs considering their options

Personal Tax Spring Budget leaves HNWIs considering their options

9m Emma Smith, Managing Editor
Delay to NICs increase a ‘partial U-turn’, says McDonnell

Personal Tax Delay to NICs increase a ‘partial U-turn’, says McDonnell

9m Emma Smith, Managing Editor
Top five takeaways from Spring Budget 2017

Corporate Tax Top five takeaways from Spring Budget 2017

9m Emma Smith, Managing Editor
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
Top five talking points for Spring Budget 2017

Corporate Tax Top five talking points for Spring Budget 2017

9m Emma Smith, Managing Editor
Income tax reduction top priority for businesses in Spring Budget

Corporate Tax Income tax reduction top priority for businesses in Spring Budget

9m Emma Smith, Managing Editor
What can we expect from Spring Budget 2017?

Corporate Tax What can we expect from Spring Budget 2017?

10m Emma Smith, Managing Editor
Budget is a 'springboard' for tax policy reform, says new report

Corporate Tax Budget is a 'springboard' for tax policy reform, says new report

11m Stephanie Wix, Writer