Donations to charity
I was asked recently for advice by a client, a 40% taxpayer. He wanted to make a substantial donation to charity, funded by the sale of an investment property. The property had a market value of £100,000 and the cost was £20,000.
Basically he had two choices: gift cash, or gift the property.
If he sold the property and gifted the funds to charity the position would be:
Date: 16th August, 2007
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