HM Revenue & Customs (HMRC) has announced draft legislation to block tax avoidance schemes involving the gift of qualifying investments to charities. The new legislation will be included in the 2010 Finance Act, but has taken effect from 15 December 2009.
To view the announcement in full, please visit the HMRC website: Anti-avoidance: Gifts of qualifying investments to charities.
For further information on Gift Aid recovery, please contact Richard Lupson-Darnell on 017 2788 5517, or a member of Vantis' Charity & Not for Profit Group. Alternatively, please complete and submit the enquiry form below.