US/UK Tax-efficient charitable giving

Michael Lewis :
Phone: +44 (0) 20 7833 3500
Date: Wed, November 15, 2017

Individuals who have exposure to both US and UK taxes need to take greater care when planning any charitable giving to ensure that it is tax efficient.

A little attention can ensure that the available tax relief is maximised. Taxpayers considering making donations are recommended to speak to their regular Frank Hirth contact.

 If looking to give tax efficiently the following points should, however,  be borne in mind;


Obtaining maximum tax relief

Timing of gift

Using Offshore Income and Gains

Gifting assets rather than cash

Updating wills

Gifts made after leaving the UK


This article has been written for the general interest of our clients and contacts to stimulate further thought and enquiry. It does not contain answers to specific situations and it is therefore essential to treat it as a prompt to take specific advice on any real and particular issues. We believe that the facts as summarised in this article are correct as at the time of going to press in November 2017. If we discover that the article might be read in a way that conveys a misleading impression (whether by tone, content, error or omission) we will make the necessary changes and draw attention to what has been changed once we become aware of the need to do so. We will not be responsible for any action taken by a reader who relies on the article but does not seek further advice to answer any specific query.

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