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6 April 2012IHT changes designed to encourage more people to consider leaving a gift to charity in their Will will come into effect today (Friday 6 April).
Under the new incentive, announced in last year's Budget, anyone leaving 10% of their estate to charity in their Will will benefit from a 10% reduction in inheritance tax from 40% to 36%.
To reflect the inheritance tax changes, Remember A Charity has launched an updated version of their online gift calculator. The calculator provides a quick and easy way to estimate the value of your estate and calculate your charitable gift.