News: August 2012

Capped tax reliefs

We have mentioned this before, but the impact will fortunately be far less than feared; in particular, charitable donations will be unlimited and you will continue to get tax relief at your top rate on them.

This capping of tax reliefs from 6 April 2013 is still something which needs to be considered, as you could fall within the new rules if you are not careful, even though the risk has undoubtedly been reduced.

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