In response to a Lord’s question on what proposals the Government has to increase charitable giving from higher-rate tax payers, Lord Ashton of Hyde stated:
‘The Government currently offers several schemes to incentivise higher-rate taxpayers to give. Tax relief is offered when donations are made through Gift Aid, when donating land, property, shares, or if gifts are left to charity in a will. Relief is also available for any individual or company who donates cultural artefacts through the Cultural Gift Scheme. At the Giving Roundtables held in 2016, the Government heard about opportunities to increase charitable giving by higher-rate taxpayers. Further announcements about those opportunities will follow.’