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The Government announced last week that Conservative peer Lord Hodgson of Astley Abbotts will lead the review of the Charities Act 2006.
The aim of the review is to:
* Understand how the Act is operating...
Consultation on charitable giving in wills
For deaths on or after 6 April 2012, estates that include charitable legacies of at least 10% of the net estate will benefit from a 36% inheritance tax (IHT) rate.
The key points are as follows:
The...
Music no longer free for charities
Charities and not-for-profit organizations will need to get a licence to play copyrighted music from Phonographic Performance Limited and PRS for Music, which together collect and distribute royalties...
Perpetuities and Accumulations Act 2009 coming into force (developers/landowners – don’t stop reading here, it is explained!)
The Perpetuities and Accumulations Act 2009 (PAA 2009) received Royal Assent on 12 November 2009 and will come into force on 6 April 2010.
From 6 April 2010, the rule against perpetuities will only...
Government proposes abolition of copyright exemptions for charities and not-for-profit organisations that want to play music…
The Government has proposed the abolition of the current exemptions for charities and not-for-profit organisations that want to play music. Currently, the Copyright, Designs and Patents Act 1988 have certain...