Setting up a charity

There are a number of benefits of forming a charity:

• Normally no income tax on earnings;
• No Capital Gains Tax on capital gains;
• No stamp duty on property purchases;
• Gifts exempt from Inheritance Tax;
• Gift Aid relief available.

However, it is essential that proper guidance be sought to help you to decide how best to structure a new charity. A charity can be set up in one of the following ways:

• Under a trust deed;
• By a testator under a Will;
• As an unincorporated association;
• As a limited company.

We can advise you and negotiate with the Charity Commission on charitable purposes, which must fall within one of these categories:

• The relief of poverty;
• The advancement of religion;
• The advancement of education;
• Other purposes beneficial to the community,

And, of course we can help you achieve the registration of the new charity.