Charities rely on the generosity of their donors, and the UK tax code has been drafted to incentivise us to give more.

Charitable donations can reduce Income Tax, Corporation Tax, IHT and exempt certain assets from Capital Gains Tax. They can also assist with specific charges such as the High Income Child Benefit Charge and the Annual Pension Allowance.

At EAG Tax we can advise on annual Income and Corporation Tax mitigation, review assets that might benefit from charitable gifting, and assess the impact of leaving a gift in your will on your IHT exposure.

Useful links:

• https://register-of-charities.charitycommission.gov.uk
• https://www.cafonline.org/my-personal-giving/long-term-giving/donor-advised-funds
• https://www.gov.uk/payroll-giving
• https://www.gov.uk/claim-gift-aid