Charities: tax implications of charitable giving - part 10

James Hender, head of private wealth at Saffery Champness, explains what charitable donors need to know to make sure they get the most out of their donations, using Gift Aid to its full tax relief potential and contingent capital gains tax (CGT) liability for high earners

There are many significant tax incentives which encourage donors both in life and on death to give to charity. These serve to reduce the tax liabilities of individuals while often ensuring that charities themselves receive additional support from generous donors.

However, many of the reliefs are under-utilised and we have identified the potential start of a generational shift in attitudes to charitable giving that could lead to interesting new philanthropic opportunities in the years to come.

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