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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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