Belfast Telegraph: "The naked investor: Sweet charity
By Nicholas Watts
27 March 2006
The people of Northern Ireland are famous for their charitable generosity. With careful planning charitable donations can be used to reduce capital gains tax liability and income tax in a retirement planning context.
For a number of years it has been a principle of the UK tax system that charitable giving should be rewarded by a tax benefit. The basic premise behind the system is that if you give, say, £10 to a charity the charity can then claim back the basic rate of tax, thus making your donation worth £12.82."
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