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BONANZA TO UK CHARITIES

How a Charity can receive 50 for every 10 you give away

The Finance Act of March 21 2000 contains a little-noticed sensational clause whereby a charity can receive 50 for every 10 one gives away. This is how it works:

If one holds a quoted share that has gone up 50 in value, one sells the share to the charity at cost price. The charity makes 50 and one loses 50 less tax equals 30. In addition one receives tax relief on the 50 the charity receives, equal to 20 thus losing only 10, while the charity receives five times that amount.

Donors should now make full use of this generous bonanza.

London

Naim Dangoor

The above letter appeared in the London Jewish News

 

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