Summary
Relief from inheritance tax
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Extract
Charity Tax Law.
Budget 2011 and other recent developments
Introduction Giving to charity was an important strand in George Osborne's Budget on 23 March 2011 and the measures he announced have been largely positively received by charities. The changes broadly fall into two categories. First there are changes to the Gift Aid scheme for individuals and the equivalent relief for corporate giving to make them easier to administer and, in some cases, to enable charities to reap additional tax benefits. Second there is a proposed new relief from inheritance tax ("IHT") for individuals leaving legacies to charities in their wills. In addition to the Budget announcements other recent developments in charity tax law deserve mention. From 1 April 2011 the unpopular so-called "substantial donor to charity rules", designed to prevent abuse in rela...See the full content of this document
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