University of Leeds Logo

Charitable status and tax benefits (UK)

 January 29, 2018 | Simon Jenkins

The University of Leeds is an ‘exempt charity’ under Schedule 3 of the Charities Act 2011. The University does not have a registered number issued by the Charities Commission but is in law a charity by Royal Charter, granted in 1904. Our reference number with the charity division of HM Revenue and Customs is X6861.

Our charitable status means that a gift in your Will to the University would be tax-exempt and so could reduce the amount of Inheritance Tax payable if the net value of your estate is above the threshold (currently £325,000).

Nominating the University as a beneficiary of your pension fund could also provide significant tax benefits.

Reduced rate of inheritance tax

Did you know that if you leave 10% or more of your estate to charity any Inheritance Tax due may be paid at a reduced rate of 36% instead of 40%? Click here for more information.

Please note

Inheritance Tax is a complex area and it is important that you seek professional advice on the tax implications of leaving all or part of your estate to charity.

Charitable status and tax benefits (UK)