Month: July 2020

Charitable Legacies and Inheritance Tax Liability

3rd July 2020

The number of estates leaving charitable legacies fell from 37,637 to 33,120 between 2018 and 2019, the first decline in a decade, according to Smee & Ford’s Legacy Trends Report 2020. Reported total legacy income was GBP2.9 billion in the year, down from GBP3 billion in each of the previous two years. Charitable estates were …

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