Leaving a Gift to Charity
It is important in your Will to make sure that you clearly identify the charity that you wish to benefit. It may be necessary for you to do some research and make sure that you have all the correct details for your solicitor so that the charity is correctly named in your Will. Problems can arise where a charity is not correctly described or the charity is no longer in existence. This can lead to the bequest/gift falling into the residuary of your estate and the charity will receive nothing.
If the charity that you wish to benefit is registered as a charity with the Revenue Commissioners, any gift left to them under your Will is tax free. The Revenue Commissioners publish a list, annually, of all registered Irish charities. If the charity is not registered then tax is payable by the charity. Please see tax thresholds, group C.
Why not avail of making or changing your Will with us today.
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