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Inheritance Tax - reduced rate from April 2012

Leave at least ten per cent of your net estate to charity and the tax charged to your estate will go down from April 2012.

This initiative only applies after exemptions, reliefs and the nil rate band have been taken into account.

If the ten per cent rule is fulfilled, tax on the residue of your estate will only be charged at 36 per cent and not the standard inheritance tax rate of 40%.

published on 14 November 2012

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