Charities are set to receive more donations through wills, due to a change in inheritance tax law announced in the recent budget.

Charities are expecting a boom in people making and changing their wills following the announcement that charitable donations will result in a reduced inheritance tax (IHT) liability.

Lawyers are bracing themselves for a "significant increase" in people making and changing their wills following yesterday's (23 March) Budget announcement, which saw George Osborne announce a change to the inheritance tax (IHT) regime.

Those making a charitable donation of 10 per cent or more will now see their IHT liability reduced from 40 per cent to 36 per cent.

To read more please go to:
http://www.ftadviser.com/FTAdviser/Regulation/TaxationAndTrusts/IHT/News/article/20110324/43d27158-560b-11e0-ae7f-00144f2af8e8/Lawyers-tip-boom-in-wills-following-Budget.jsp