Citywire: Thorough planning can enhance tax relief, advises Lynne Rowland
Private client tax partner, Lynne Rowland, outlines how comprehensive planning can improve tax benefits when donating to charitable causes. Various factors apply to qualify such donations for tax relief, including a gift aid declaration made from the donor.
The definition of a gift also needs to be taken into consideration when planning. Such a gift must be cash contributed without any reward provided in return.
The workings behind gifting cash to charity varies depending on the rate of taxpayers. To find out more about your tax rate and other such related tax services, contact us or visit our tax web page.
Lynne’s article appears in Citywire.