Inheritance tax relief 'will discourage legacies of over 10 per cent' - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits

Inheritance tax relief 'will discourage legacies of over 10 per cent' - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits: "The new 10 per cent Inheritance Tax (IHT) Charity Relief announced by the Chancellor in the March Budget could actually encourage legators to reduce the amounts they had planned to leave to charity, an audience of lawyers and philanthropy advisers heard yesterday.

The intricacies of the new relief was explained to delegates by Richard Kent from HMRC and Mark Herbert QC from law firm Five Stone Buildings, at a conference called Stimulating Philanthropy organised by Step, the Society of Trust and Estate Practitioners."