May

Charitable gifts and section 24

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If you are a higher rate taxpayer, then you get money back. E.g. if you give £100, then the charity can claim gift aid of £25 (which assumes you are a 20% tax payer) and if you pay 40% tax, you get another £25 back (see https://www.gov.uk/donating-to-charity/gift-aid ) On my tax returns charitable gifts increase… Read more

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