Tax Planning – UK and International

ServicesBusiness SectorsCharities and Social EnterpriseTax Planning – UK and International

We provide comprehensive advice on all aspects of tax planning within the UK.

Whilst tax incentives and reliefs may not be as important as genuine, philanthropic motivation for donors to charity, statistical evidence demonstrates that they can make a real difference in terms of fundraising.

Key areas include

  • Gift Aid
  • Gifts of pre-eminent objects
  • Inheritance Tax reliefs
  • Tax relief for gifts of quoted securities and land
  • Tainted charity donations
  • VAT

In a rapidly shrinking world, tax land-locks within sovereign states and widely differing legal regimes creating restrictions which high net worth and ultra-high net work donors are seeking to escape.

Our cross-border team remains at the forefront of a rapidly developing area of the law. Within the European Union (‘EU’), events have moved swiftly in recent years, culminating in the Persche case and the Finance Act 2010, under which the UK has sought to conform to the EC treaty by extending tax exemptions and concessions to the member states of the EU (and Norway and Iceland).

Pending resolution the Transnational Giving Europe Agreement provides a means of circumventing land-locks through intermediary bodies like the Charities Aid Foundation. Beyond the EU, possibilities exist in the form of tax treaties and dual-qualified charities.

The range of services we provide in this area includes

  • Advising on the relative fiscal merits of different jurisdictions for charitable status
  • Advising on tax-efficient giving (lifetime and post-death) and fundraising across the EU and beyond
  • Advising on purpose and star trusts and liaising with lawyers in the relevant jurisdictions to establish the same
  • Forming dual-qualified charities