Why "Big Society" encourages charitable giving

As part of the Government’s focus on the “Big Society”, details of the previously announced proposal to give an inheritance tax (IHT) incentive to encourage people to leave legacies to charities were published at the end of last year. How effective these are remains to be seen. Essentially, if a person leaves at least 10% of their net taxable estate to charity they will receive a 10% reduction on the rate of IHT payable on the rest of their estate. The proposal explained To qualify for the proposed relief, legacies need to be left to a charity or other organisation in the UK, Europ...