Relief for political gifts

News: July 2015

Relief for political gifts

The General Election result means that donations to the UK Independence Party now qualify for relief from inheritance tax as that party returned at least one member and secured at least 150,000 votes nationally. However, the Alliance Party in Northern Ireland now ceases to qualify.

Remember that this relief applies to gifts during the donor’s lifetime as well as bequests made to a qualifying party in their Will.

These donations need to be made personally, as such payments are not an allowable deduction in arriving at business profits.

Leave A Comment

By continuing to use this site, you agree to the use of cookies. more info

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close