Will-makers who want to leave property to a foreign charity, but previously decided not to on grounds the usual UK exemption from inheritance tax (IHT) for charitable bequests only applies to UK charities, may now be able to do so, following a recent Supreme Court ruling that bequests to foreign charities are exempt too.
Features and articles
TCO 5904 Appeal number TC/2011/0610
Annual return 2018 consultation
FRED 68 Draft amendments to FRS 102: Payments by subsidiaries to their charitable parents that qualify for gift aid
Gift aid small donations scheme
Simplifying the Gift Aid donor benefits rules
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
A series of guides produced by the audit firm Sayer Vincent on topics for charities, including charity shops, employee and volunteer taxation, Gift Aid, grants, and international aspects of VAT.
HMRC guidance on the direct tax obligations of charities, VAT and reliefs or exemptions available. Sections cover Gift Aid, Payroll Giving, donating land, buildings, shares or securities, claims, and audits.
A non-profit membership organisation previously known as the Charities' Tax Reform Group, which makes representations to government on issues relating to the taxation of charities. The site includes updates and commentary on a wide range of tax issues relevant to charities.
Guidance for lay users on the tax aspects of the main areas of trading activity that charities get involved in. Sections cover fundraising, basic tax exemptions, business sponsorship, trading companies, shops and cafes, merchandising, events, providing services, cost allocation, transfer pricing, loss making trades, and social enterprise.
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