Are there tax advantages of leaving money to charity?
(In the United Kingdom) If you leave money and possessions worth more than a set value, currently 285,000 your beneficiaries (the people youre leaving it to) may have to pay 40% Inheritance Tax on the amount over that threshold. 285,000 may seem a great deal of money but, if you include your home, you could find your savings and possessions add up to more than that. However, donations to charity are exempt from tax, so anything you leave to The British Ecological Society is free of Inheritance Tax and we will receive the full amount. Ask your solicitor about the best ways to use your will to reduce tax.
