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Many UK residents are recognising the dual benefits of charitable legacies in Wills. Beyond the altruistic satisfaction, such gifts may reduce the inheritance tax (IHT) rate upon death from 40% to 36%...
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With effect from 26th July 2023, the Statutory Legacy sum due to the deceased’s surviving spouse or civil partner will be increased from £270,000 to £322,000. A Statutory Legacy is a fixed sum a s...
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