Simon Weil writes for Trusts & Trustees on cross-border philanthropy
Focusing on the UK, in an article for Trusts & Trustees, Simon Weil, Private Client Partner, explores optimal ways of effecting cross-border giving in the wake of the Finance (No. 2) Act 2023.
In the article, Simon examines donations by resident taxpayers to foreign charities, the taxation of foreign charities within the UK and the transfer of funds from UK charities to foreign charities.
The piece covers:
- Income and capital tax deductions, focusing on donations by resident taxpayers to foreign charities - Prior to the finance (No. 2) Act 2023
- Cross-border giving in the wake of the finance (no. 2) Act 2023
- Taxation of foreign charities within our countries
- The transfer of funds from domestic charities to foreign charities - existing provisions—donations by UK-registered charities
- Critique of present provisions
Read the full article in Trusts & Trustees here.
