Commentary

173 Operation of the inheritance tax reduction when 10% of net estate left to charity

WILLS AND ADMINISTRATION vol 42(3) specialist topics

173 Operation of the inheritance tax reduction when 10% of net estate left to charity

| Commentary

If the test of 10% of a net estate being left to charity is met for any one of the three statutory components of the estate, that component is taxed at the reduced rate. The test is ‘all or nothing’,

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