Results

Druces news

Independent Schools and Public Benefit

Summary: Guidance issued by the Charity Commission following the introduction of a public benefit test under the Charities Act 2006 suggested that many Independent Schools would not meet the test’s requirements. Last year this guidance

Druces news

Inheritance Tax and Charitable Legacies

Summary: Legacies to charities are currently exempt from inheritance Tax (IHT). From the new tax year onwards they may carry the additional benefit of reducing the IHT rate payable on a deceased’s estate from 40%

Druces news

Serving Joint Tenancies of Property

Summary: Where two or more persons own a property together, they may be joint tenants or tenants in common. When a co-owner of property dies, the nature of their ownership determines how the deceased’s ‘share’