Comments: tax relief on charitable giving

The only virtue of this proposal is simplicity. There is no basis for lumping relief for giving with interest relief, relief for losses on unquoted share subscriptions etc. These should be dealt with separately and then the residual reliefs may need restricting. There is a case for restricting income tax relief for gifts which have effectively been made from capital. This could be dealt with by a higher but still arbitrary limit. Say 50%?

Posted by David at Tuesday, 17 April 2012 at 1:30pm BST
Post a comment

Remember personal info?

Please note that comments are limited to 400 words. Comments that are longer than 400 words will not be approved.

Cookies are used to remember your personal information between visits to the site. This information is stored on your computer and used to refill the text boxes on your next visit. Any cookie is deleted if you select 'No'. By ticking 'Yes' you agree to this use of a cookie by this site. No third-party cookies are used, and cookies are not used for analytical, advertising, or other purposes.