Query - Change to tax status on donations?

[Jan McNulty]

I've seen a couple of responses on the internet today but I do not know what the proposal is. I gather it is something to do with loss of tax exemptions for donations. Could anybody please point me in the right direction?

[bangorballetboy]

IIRC, the proposal is that personal tax relief would only be available on gift aid donations up to the lesser of quarter of taxable earnings and £50,000. The tax relief which is passed on to the charity would not be affected, but the suggestion is that high wealth individuals will stop donating if they don't get the additional relief on large donations.

[Jan McNulty]

Thanks BBB. This proposal must have many arts organisations quaking in their boots.

[alison]

From what I've read, it does. I seem to remember something about a £1/4 m donation to somewhere which could ill afford to lose it being under threat. And this from a government which allegedly wants to encourage private donations in support of the arts ...

[zxDaveM]

From what I've read, it does. I seem to remember something about a £1/4 m donation to somewhere which could ill afford to lose it being under threat. And this from a government which allegedly wants to encourage private donations in support of the arts ...

 

That's only so they can cut arts funding, so ensuring that the arts return to being an exclusive pastime for those that can afford to pay (well) for it