Charities and the 2014 budget

Social investment tax relief
As announced in the 2013 Budget, the Finance Bill 2014 will provide for 30 per cent tax relief on investments in qualifying social enterprises. This change will take effect from 6 April 2014. The exact details of the relief will be published on 27 March but it is likely that it will unlock significant funding for charities and social enterprises.

Cultural Gifts Scheme (CGS)
CGS allows tax relief where a chattel, artwork or similar object of importance is donated to the nation. Currently, the combined limit for the CGS and the inheritance tax acceptance-in-lieu scheme is £30m a year. This will be increased to £40m for the year 2014–15…

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Briefings from Withers

  • Family law revolution

    22 April 2014 marked ‘the largest reform of the family justice system any of us have seen or will see in our professional lifetimes’, according to the president of the Family Division.

  • A day out with the Charity Tax Group

    Withers’ Graham Elliott discusses the points he found most interesting from this year’s Charity Tax Group annual meeting.

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