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Budget 2011: 10% discount on IHT for charitable giving

Chancellor George Osborne has announced a 10% discount on inheritance tax as part of what he calls ” the most radical reforms to charitable giving.”

The discounted rate will apply where individuals leave 10 per cent of their estate to charity.

In his Budget address today, Osborne says no beneficiaries will be better off as a result of the move.

He says he wants “10 per cent to charity to be the new legacy for the country.”

Osborne has also announced changes to the gift aid process, which will see the removal of the need for donors to fill out forms before consenting to gift aid donations.



FSA confirms 10% increase in budget

The FSA has confirmed that overall regulatory funding will see a gross increase of 10.1 per cent over the next year, from £454.7m in 2010/11 to £500.5m for 2011/12. However enforcement fines levied over the previous year will mean that in total firms will pay 2 per cent less in regulatory fees compared to last […]

Budget 2011: Annual growth forecast downgraded to 1.7%

Chancellor George Osborne says annual growth will reach 1.7 per cent in 2011/12, which is lower than the predicted growth of 2.1 per cent. Osborne says this is due to a weaker than expected final quarter in 2010, global commodity price shocks and high UK inflation. He said real GDP will increase to 2.5 per […]


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