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Gift Aid allows individuals who are subject to UK income tax to complete a simple, short declaration that they are a UK taxpayer. Any cash donations that the taxpayer makes to the charity after making a declaration are treated as being made after deduction of income tax at the basic rate (20% in 2011), and the charity can reclaim the basic rate income tax paid on the gift from HMRC.
A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."
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3 ways to avoid complications and probate after you die. It can be tough to think about our own death. But taking action ahead of time can be a gift to your mourning family, who is left to pick up ...
I was 6 years old when I received the Christmas toy that would change the entire course of my life and career. I had discovered it in a catalog and ogled it in the store, begging my parents for it ...
Held on 24-25 February 2003, the Rome forum brought together the heads of governmental and inter-governmental aid agencies with leaders of aid recipient countries. [8] It resulted in a "Rome Declaration" in which the parties pledged principally that aid should adopt the priorities and leadership of recipient country governments and result in greater ownership by them, and that the bureaucratic ...
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A charitable gift annuity is a gift vehicle that falls into the category of planned giving. [1] It involves a contract between a donor and a charity, whereby the donor transfers assets, such as cash or securities, to the charity in exchange for a partial tax deduction and a lifetime stream of periodic income from the charity.