Inheritance Tax

[Suetheramble]

If I left all my money to charity would inheritance tax have to be paid?

[Buenchico]

Quote:
"There’s normally no Inheritance Tax to pay if either:
the value of your estate is below the £325,000 threshold ; [or]
you leave everything to your spouse or civil partner, a charity or a community amateur sports club"

Source:
https://www.gov.uk/inheritance-tax

[New Judge]

No (provided they are registered charities).

[fiction-factory]

And if you are a widow your husband's IHT allowance should have been transferred to you, thereby gving an allowance of £650000. I think even higher allowances apply if there is a property involved- I recall some sop to the south east property owners in one of George Osborne's budgets. Anyway, that's immaterial here for the reason NJ gives- i only mention it as many of those who worry about IHT will never be affeced by it

[Flonska]

If you leave your home to your children (including adopted, foster or stepchildren) or grandchildren, your tax-free threshold will increase by £100,000 to £425,000.