Irish charities welcome proposed tax changes

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Ireland Law / policy The ICTRG added the proposal to replace the existing “complicated upper limit on donations” with “a straight-forward ceiling of €500,000” was to be applauded.On philanthropy, the report also recommended that income tax relief for expenditure on heritage buildings and gardens be discontinued. It said the scheme for payment of tax by means of donation of heritage property should be retained but modified so the tax relief is limited to 50 per cent of the value of the property donated.www.charitytaxreform.com  26 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 10 September 2009 | Newscenter_img Irish charities welcome proposed tax changes The Irish Charities Tax Reform Group, which represents Ireland’s leading charities and aid agencies, has given a “cautious” welcome to the Commission on Taxation Report’s recommendation relating to charitable donations.The ICTRG welcomed the proposed reduction in the tax relief threshold from €250 to €100. But the group, whose members include Concern, Trócaire, Goal, Amnesty International and the Society of St Vincent de Paul, expressed “significant disappointment” over the proposal to standardise the reliefs. This, the statement said, was likely to effectively cut the benefit to charities.The suggested simplification of the scheme by treating donations from PAYE and self-assessed donors in exactly the same manner will reduce administration for both charities and Revenue and should result in increased benefit to charities. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more