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12 April 2012

The Government plans to cap tax relief on donations. Will charities suffer unfairly?

In the Budget George Osborne announced plans to cap the tax relief granted on charitable donations at £50,000 (or 25% of income if that was higher). A survey by the Charities Aid Foundation has found that 9 in 10 charities believe this will result in a drop in charitable donations from wealthy donors. So should the Government reconsider its plans? Will charities suffer unfairly as a result of them? Remember, if you have a question about money, be sure to ask it in our Q&A section.

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