Cross-border philanthropy

Cross-border philanthropy guidance:

Gift Aid donations to a charity are an essential part of their income but the tax repayment advantage that they offer can also be abused. HMRC are particularly concerned...

Practice Note

Unless an institution is established for charitable purposes only, it will not be a charity. Legislation (Charities Act 2011 (CA 2011)) assists in that: For the purposes...

Practice Note

Generally inheritance tax (IHT) and charities mean a reduction in the IHT that an estate would pay but there are circumstances where an IHT charge may be triggered on the...

Practice Note

Charities are as susceptible to money laundering 'attacks' as any other organisation. It is essential that charity trustees protect their charity from these attacks and...

Practice Note

At first sight it may seem incongruous to link charities with bribery but all organisations, since the Bribery Act 2010 (BA 2010) was enacted (1 July 2011) have to be...

Practice Note

UPDATE: In his 2015 Budget, the Chancellor indicated changes to the CGT regime. The Budget did not indicate that these changes affect issues raised in this Practice Note....

Practice Note

This Practice Note covers UK inheritance tax (IHT) issues in cross-border situations and deals with: actual and deemed domicile; double tax treaties and unilateral...

Practice Note

Philanthropy is a key element of the wealth plan of many ultra-high-net-worth individuals and their families (UHNWIs). The methods used to further an individual’s...

Practice Note

NOTE: Save as where it may otherwise be stated, the law referred to in this Practice Note applies to England and Wales only. There is no simple method of identifying a...

Practice Note

This Practice Note discusses the two ‘failure to prevent’ corporate criminal offences created by the Criminal Finances Act 2017 (CFA 2017): • CFA 2017, s 45 creates the...

Practice Note

For convenience, the term 'foreign charity' has been used throughout the Practice Note to mean any entity of a charitable nature which is not subject to the jurisdiction...

Practice Note

On death, a person is treated as having made a transfer of value equal to the value of their estate immediately before death. Exemptions from UK inheritance tax (IHT)...

Practice Note

The tax treatment of a charity Charities are not exempt from taxation, but they do benefit from a number of specific tax reliefs. A charity does not need to be registered...

Practice Note
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