The Tax Treatment of Charities

Introduction Significant changes have been made in the taxation of charities for 1977 and subsequent taxation years. Thes.e changes were designed to prevent the abuse by charities of their special status and many charities may find them restrictive. The penalty for failing to follow the new rules can be severe. Registration The new rules apply…

A Kaleidoscopic View of the Charity Amendments

In the previous article “The Tax Treatment of Charities” the basic rules relating to the taxation of charities which apply to¬†1977 and subsequent taxation years were reviewed. In this article we have assumed that the reader is familiar with the basic rules and have focused on a number of potential problem areas in the legislation….