header-logo header-logo

Giving encouragement

16 February 2012 / Emma Satterly
Issue: 7501 / Categories: Features , Wills & Probate
printer mail-detail

Will government proposals under the Finance Bill increase gifts to charity, asks Emma Satterly

The government wants to encourage people to donate more to charities, yet has struggled so far to create a compelling proposition. The white paper Giving talks of making giving easier to encourage more support for charities: if giving is easier people will give more. One such scheme concerns giving through wills: a reduction in the rate of inheritance tax on estates where 10% or more of the net estate has been left to charity. So, is this likely to increase charitable giving?

Draft legislation

Following consultation, draft legislation to be included in the Finance Bill has been published, which will apply to deaths after 6 April 2012. Consultation on the draft legislation ended last week.

The proposals identify three components of property comprised in the estate of the deceased which may be subject to inheritance tax on death:

  • The survivorship component: property which, immediately before the death, was joint property liable to pass by survivorship on death.
  • The settled property
If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
In this week's NLJ, Steven Ball of Red Lion Chambers unpacks how advances in forensic science finally unmasked Ryland Headley, jailed in 2025 for the 1967 rape and murder of 75-year-old Louisa Dunne. Preserved swabs and palm prints lay dormant for decades until DNA-17 profiling produced a billion-to-one match
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
back-to-top-scroll