.png)
.png)
FA 2011 includes anti-avoidance legislation aimed at certain charitable donations. ALLISON PLAGER provides a guide
KEY POINTS
- Gift aid on charitable donations.
- Three conditions.
- Financial gain in return for a gift.
- Donor risks tax relief.
Charities in the UK depend on donations to keep them going and many taxpayers are more than happy to give. While philanthropy may be at the heart of some donations the generous tax reliefs available on charitable gifts must act as considerable sweeteners.
Gift aid is one of the most attractive reliefs available. In essence this increases the value of donations to charities and community amateur sports clubs by allowing them to reclaim basic rate tax at 20% on the donation. Higher-rate taxpayers can claim income...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
