§ 35. Mr. Percivalasked the Chancellor of the Exchequer if he is aware that charities are suffering a loss of income because prospective donors are reluctant to make financial gifts to charity lest these gifts are included in the cumulative total of transfers on which capital transfer tax will be chargeable; and if he will take steps to exclude gifts to charity from the cumulative total.
§ Mr. Robert SheldonNow that the Finance Bill has been published, a prospective donor will see that complete exemption is provided for his gifts to charities up to a total of £50,000.