In order to encourage businesses to support UK charities, tax incentives schemes are available in terms of income tax, corporation tax and capital gains tax. |
When a company makes a qualifying donation to a charity, the amount paid is treated as a ‘charge on income’. The company can make a claim in its corporation tax self assessment (CTSA) return to set the amount of the donation against its taxable profits. |
Donating shares to charity is a less well known form of giving to charity but there can be substantial tax benefits associated with this form of charitable donation. When shares are signed to charity, no capital gains tax is charged and the value of the shares on the day of transfer can be offset against your corporation tax liability. |
For more information on the tax treatment of donations to charities, contact us today on 028 9066 4278 for a free consultation.
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A SIPP is a self-invested personal pension scheme. The primary difference with an SIPP is that a member’s contributions are invested into allowable investments in accordance with the members specific instructions. |
Corporate Venturing Schemes refers to the creation of mutually beneficial corporate relationships which offer strategic and competitive advantages while at the same time providing tax benefits. |
| »SIPP Tax Information |
» Corporate Venturing Schemes Tax Information |
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OPUS are the leading specialists in Tax Avoidance in Northern Ireland. We offer tax efficient investment schemes that are exclusive to our practice. The schemes we offer ensure that our clients are lessening their tax burden while at the same time availing of the opportunity of a rewarding and profitable investment. |
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