Lucy Sharp

Apr 25, 2023 | farrer.co.uk | Lucy Sharp

The rules relating to tainted charitable donations are anti-avoidance measures principally aimed to deter the abuse of tax reliefs through charitable giving. In most cases, where a donation is tainted, the donor will lose any such tax relief and may be liable for any tax reclaimed by the recipient charity through Gift Aid. However, the recipient charity may also face penalties if they are knowingly a party to the tainted arrangement. When does a donation become tainted?

Apr 24, 2023 | farrer.co.uk | Ben Parish |Nandini Sur |Lucy Sharp |Bethan Waters

Lending to individuals carries with it the inherent risk for a lender that the borrower may pass away during the term of the loan. Executors should be aware of what will actually happen at law to the borrower’s liabilities as they may need to act quickly to repay the debt.