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The Jewish Chronicle

Charities fight Budget change on big donors

March 29, 2012 17:50

By

Simon Rocker,

Simon Rocker

2 min read

The Jewish Leadership Council intends to lobby Chancellor George Osborne over plans to reduce tax relief on big donations, which it fears could have a significant impact on Jewish charities.

In last week's Budget, Mr Osborne announced proposals to cap tax relief on charitable contributions at £50,000 or 25 per cent of a person's income - whichever is the higher.

Chief executive Jeremy Newmark said the JLC was "collecting data from the major charities to quantify the impact. We will be making an approach to Mr Osborne once we've got the data."

The Charities Aid Foundation, which has urged the Chancellor to rethink, has warned that large donors could end up giving less, noting that £11 billion of charitable income last year in the UK came from just seven per cent of donors.