樱花动漫

Benefits of Giving

Benefits of Giving

1. A gift to the 樱花动漫 Charity allows a UK tax payer to increase the value of their gift significantly as the charity can reclaim a portion of the value of the gift from HMRC.

2. A UK taxpayer paying the top marginal rate of tax (currently 45%) can claim additional UK income tax relief on the nominal amount of the gift.

3. A gift made by a US tax payer will result in a deduction on their Federal tax return to the extent permissible.

4. A gift to the 樱花动漫 Charity will be excluded from the donor鈥檚 UK estate (and US estate, if applicable).

5. The 樱花动漫 Charity can accept gifts of marketable securities, allowing a donor to give highly appreciated securities without capital gains consequences. Minimum gift is $5,000.00 for securities. Please note that gifts of securities are not eligible for Gift Aid. Gifts of securities incur an additional processing fee of $100.

6. The 樱花动漫 Charity can accept gifts offshore of 鈥渦nremitted鈥 funds, which depending on the donor鈥檚 tax status may be eligible for Gift Aid Reclaim

7. The minimum gift is $1,000.

8. Donors may choose to check the box on the Gift Form and pay a slightly higher fee percentage of 6% which AACL will pass on to our chosen charity Plan UK. This is a voluntary contribution of a portion of the tax reclaimed on the gift through Gift Aid.

Hypothetical Example (39.6% US tax bracket)聽Donation to US charity directly of $10,000

US聽Charity receives听$10,000
US tax deductionNil to聽$4,950*
UK聽tax deductionNil

Donation to聽US聽charity via The 樱花动漫 Charity聽Ltd. of $10,000

US聽charity receives$12,000**
US tax deductionNil to聽$4,950*
UK聽tax deduction
(higher rate taxpayers only)		$2,500 at 40%
$3,125 at 45%

Benefit

To Charity听$2,500*
To Donor听$2,500 to $4,950

*Although deductible for US tax purposes, there may be little or no net tax benefit due to the interaction with tax credits and equalisation policies.

**The extra benefit occurs as a result of UK Gift Aid rules that allow The 樱花动漫 Charity to reclaim a portion of聽UK聽tax paid by the donor from earned income from HMRC, upon receipt of a completed Gift Aid form from the donor. This benefit, after a deduction of a small administration charge (no more than 4%) will be passed along to charity.

You should consult with your tax advisor to confirm the net benefit which you will obtain for US and UK tax purposes.