Charitable legacies and 36% inheritance tax: calculate the 10% test before rewriting the will

Charitable legacies and 36% inheritance tax: calculate the 10% test before rewriting the will

A charitable legacy can reduce the inheritance tax rate on qualifying estate components. The test uses a statutory baseline, so 10% of the headline estate value is not the calculation. ... (to read the remainder of this article, please log in below.)

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