Taxation of Charities and Nonprofit Organisations

Taxation of Charities and Nonprofit Organisations

10th Edition 2015/16

Authors: ,

ISBN: 978-1-901614-64-0

Publication date: 20/09/2015

Price: £170.00

Price (Charity): £99.00

Taxation of Charities and Nonprofit Organisations 10th Edition

by James Kessler QC  and Oliver Marre,

(both of Tax Chambers 15 Old Square, Lincoln's Inn, London WC2A 3UE),

published September 2015

ISBN 978-1-901614-64-0 

The book comes with a free single user licence for the online version 'ToC online'.

 

 

The Authors

 

James Kessler QC practises at the Tax Bar. He was appointed QC in 2003. He is also a member of the Bar of Northern Ireland.

James advises in particular on charities, offshore entities, trusts, wills and foreign domiciliaries.  Other areas of practice include prosecution of tax crime in complex cases, particularly along the avoidance/evasion faultline, and freedom of information.

James is one of the founders of the Society of Trust and Estate Practitioners, for whom he drafted the STEP Standard Provisions, and a fellow of the Chartered Institute of Taxation. James has received the Geoffrey Shindler Award for Outstanding Contribution to the Profession.

 

Oliver Marre is a barrister in practice at Tax Chambers, 15 Old Square, Lincoln’s Inn. He can be instructed to advise on all areas of taxation and trust law, including on the treatment of charities. He also advises on disputes with HMRC, from negotiation to litigation.   Further information on Oliver’s practice can be found here: http://www.taxchambers.com/?q=users/oliver-marre.

 

 

 

They can be instructed through their clerks by email at taxchambers@15oldsquare.co.uk or by telephone 020 7242 2744. 

 

 

Contents

 

 

1.            Policy Issues in Charity Taxation               

 

2.            Tax Avoidance and Evasion

 

3.            Definitions of “Charity”

 

4.            Taxation of Charity Income         

 

5.            Taxation of Charity Capital Gains              

 

6.            Charitable Expenditure Rules

 

7.            Tainted Donation Rules

 

8.            Trading by Charities       

 

9.            Companies held by Charities      

 

10.          Business Sponsorship and Advertising   

 

11.          Corporate Charities        

 

12.          Employees and Beneficiaries of Charities             

 

13.          Acquisition of Companies            

 

14.          Double Taxation Treaties and Charities 

 

15.          Cash Gifts from Individual to Charity (Gift Aid)   

 

16.          Gift Aid Small Donations Scheme             

 

17.          Corporate Gift Aid          

 

18.          Giving by Businesses to Charity

 

19.          Payroll Giving    

 

20.          Interest-free Loans to Charity   

 

21.          Gifts of Shares and Land to Charity

 

22.          Gifts of Works of Art to Charity 

 

23.          Capital Gains Tax Relief on Disposals to Charity  

 

24.          Inheritance Tax Reliefs on Transfers to Charity  

 

25.          Charity Legacy Relief     

 

26.          Will Drafting      

 

27.          Charitable Gift of Share of Residue: Benham Issues        

 

28.          Obtaining IT and IHT Reliefs on Gifts by Will or IoV           

 

29.          Variation of Wills             

 

30.          Benefits for Donors       

 

31.          Trusts with Some Charitable Element    

 

32.          Payments to Charity From Non-resident Trusts 

 

33.          Estates of Deceased Persons: CGT          

 

34.          Estates of Deceased Persons: Income Tax           

 

35.          VAT: Basic Concepts      

 

36.          Recovery of Input VAT 

 

37.          VAT: Exemption              

 

38.          VAT: Zero Rating             

 

39.          Stamp Duties    

 

40.          Rating Relief      

 

41.          Community Amateur Sports Clubs          

 

42.          Political parties 

 

43.          Housing Associations     

 

44.          Local Authorities             

 

45.          Administration: Tax returns and claims  

 

 

 

Appendix 1: International Entity Securities: Approved Charitable Investments   

 

Appendix 2: HMRC Model Gift Aid Declarations

 

Appendix 3: Retail Gift Aid: Template Letters     

 

Appendix 4: Substantial Donor Rules      

 

Appendix 5: Bibliography             

 

Appendix 6: How to Improve the Taxation of Charities  

 

Appendix 7: Deemed Charities and Eligible Bodies           

 

Appendix 8: CASCs: Eligible Sports