Commentary

110 Nil rate band legacies and the transferred nil rate band

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

110 Nil rate band legacies and the transferred nil rate band

| Commentary

110 Nil rate band legacies and the transferred nil rate band

Individuals whose main concern is to leave their property in such a way as to avoid the payment of inheritance tax will sometimes want to give a pecuniary legacy of the maximum amount that they can give without triggering a charge to inheritance tax to non-exempt beneficiaries, and the rest of their estate to exempt beneficiaries. This is often referred to as a nil rate band legacy.

As no one can know what the level of the IHT nil rate band will be at the date of their death nor

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