News and Events
On the 23 March 2011, the Chancellor of the Exchequer announced a new inheritance tax benefit to those who, in their Will, leave 10% of their net estate to charity. By leaving 10% of your net estate to one or more charities the remaining taxable estate benefits from a reduced rate of tax (36%) rather than the standard rate (40%). This act of generosity from the government comes with some stipulations, but it could represent a significant tax saving to those who have to pay inheritance tax.
What were we expecting in the Budget this week? Was the Chancellor going to keep the status quo with taxes? Well, it seems that he has, for the most, However there were some surprising announcements, some of them good and some not so good.
With the general election just around the corner next year all eyes and ears were focused on the Chancellor last week when he delivered his Pre-Budget Report. Was he going to make extensive tax changes in an attempt to bring in more funds to pay for recent high borrowings?
Subscribe
Search
Archives By Date
Archives By Subject
Recent Entries
No recent entries.
RSS
