Charities to get relief on share gifts

The Government is to grant income tax relief on the full market value of gifts to charity of quoted shares and securities. Any existing CGT relief due on these shares or securities will be passed on at the same time, removing any barriers facing those who wish to settle assets to charities through trusts. Other simplification measures the Government introduced in its pre-Budget statement last week include the removal of the need for small charities to set up a subsidiary company to run their fund-raising activities. This has been removed through the introduction of an exemption from tax...