Comments: tax relief on charitable giving

The only virtue of this proposal is simplicity. There is no basis for lumping relief for giving with interest relief, relief for losses on unquoted share subscriptions etc. These should be dealt with separately and then the residual reliefs may need restricting. There is a case for restricting income tax relief for gifts which have effectively been made from capital. This could be dealt with by a higher but still arbitrary limit. Say 50%?

Posted by David at Tuesday, 17 April 2012 at 1:30pm BST
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