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Readers' Forum
Replies to Queries — 1
Running out of time
Readers' Forum
Replies to Queries — 1
Running out of time
Miss X is selling her principal private residence for £2 million and will buy a smaller property for £500,000. She plans to give the surplus to various charities. Her pension and investment income of around £50,000 per year is enough for her and she has no dependants. She would like to make the donations to charity under gift aid to maximise the value of her gifts to the charities. However, this would imply donations over 30 years to match her income and she would like to donate the money as soon as possible.
Are there any ways of obtaining full tax relief over a shorter period or otherwise enhancing the value received by the charity?
(Query T16,476)
