Tax relief on charitable giving

 

You can get tax relief for any gifts to charity if you make a gift aid declaration.

 

You make the gift out of your taxed income and the charity benefits by claiming back basic rate tax on the value of the gift. Higher and additional rate taxpayers can claim an extra 20% or 30% in relief.

 

You can obtain both income tax and capital gains tax relief on gifts to charities of shares listed on the stock market and certain other investments.

 

Gifts to charity are free of IHT, so remembering a charity in your Will can reduce the total amount of IHT that will be paid on your estate.