Can you leave property in your will?
Does the beneficiary pay tax if they are a charity?
Asked on Nov 11 2011, House Prices in Fleetwood | Report content
Answers (1)
-
Yes of course you can, it is extremely commonplace. Beneficiaries don't pay any tax. Your estate will pay IHT if it is over £350k, but charitable donations are exempt in any case. So the answer is a simple 'yes' and 'no'
Web reference: http://www.hmrc.gov.uk/inheritancetax/pass-money-property...
Answered on Nov 16 2011, Report content
Didn't find what you were looking for? Ask a question
More House Prices in Fleetwood questions on AskMe
-
Asked on Nov 3 2010, House Prices in Darwen
3 answers - Answer this question -
Rics valuation for my property ?
Asked on Apr 4 2012, House Prices in Burnley
Be the first to answer this question -
Asked on Feb 11 2012, House Prices in Accrington
1 answer - Answer this question -
Is it a good time to buy a house?
Asked on Sep 1 2011, House Prices in Blackburn
3 answers - Answer this question -
How much stamp duty will I have to pay on £125,000?
Asked on Jun 22 2011, House Prices in Burnley
2 answers - Answer this question