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Tax law consultation on substantial donors launched
By Paul Jump, Third Sector Online, 15 July 2008
A consultation into the tax laws surrounding substantial donors to charities has been launched by HM Revenue & Customs.
The current rules mean that any transactions with substantial donors or people associated with them is disqualified from receiving tax relief. The consultation document reads: "Charities and their donors are entitled to a generous package of tax reliefs worth in excess of £3bn. Unfortunately this generosity attracts not only those...
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