Tax relief on Charitable Donations retained in Budget:
September 29 2016, 09:02am
Information from the ICTR
The ICTR has had a major success in securing retention of the 41% rate of tax relief on charitable donations in this week’s Budget. The rate remains unchanged despite the ending or restriction of virtually all other reliefs, including pension contribution relief.
ICTR had done extensive lobbying to retain this relief and this one piece of success is a major piece of ‘good news’ from the Budget for the sector, even as ICTR recognises that many charities will suffer income loss due to grant cuts from various government departments and HSE sources.
Thanks are due to the many charities that supported ICTR’s Advocacy work, attending briefing sessions and raising the issue individually with government.
The ICTR would also like to record its appreciation of the government’s attention to this issue and its willingness to engage with and respond positively to ICTR’s position. ]
For more information log on to www.ictr.ie.