Why is making a gift to the Anglo-American Charity better than giving directly to either a UK or US charity?
1. if you give to a UK charity directly and you are also a American tax payer, the gift does not qualify for a US tax deduction. 2. if you are a UK only tax payer and you give to a US charity directly, your gift does not qualify for the Gift Aid Reclaim. Furthermore, you cannot reclaim the basic rate of tax on the gift.
Related Questions
- Why is making a gift to the Anglo-American Charity better than giving directly to either a UK or US charity?
- Why establish a fund with the Community Foundation instead of giving directly to a favorite charity?
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