Wednesday, September 01, 2010

Treasury in talks to provide tax breaks on property gifts - Third Sector

UK news

Treasury in talks to provide tax breaks on property gifts - Third Sector: "The move would help to boost 'lifetime legacies', which allow donors to give property to charities after they die
The Treasury is in talks with voluntary sector bodies over offering tax breaks for US-style 'lifetime legacies', which allow a donor to give property to a charity but retain use of it during their lifetime.
Any such donation to a charity does not currently attract a tax break unless the charity receives the full benefit of the gift immediately."

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