Tis the season of goodwill and research shows that there has been a boom in philanthropy in the UK. Wealthy Britons donated £1.83 billion to charity last year, according to figures from Coutts, the private bank. While statistics for 2017 have not yet been calculated, it is expected to be another bumper year for charitable giving. The amount of inheritance tax relief on donations has risen steadily since 2012 and is expected to reach £900 million this year, according to UHY Hacker Young, the accountanct. “There is a growing trend for individuals to leave money to charities on the basis that their children…

Source: The Times December 16, 2017 00:00 UTC