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LATEST NEWS & EVENTS Charitable donation tax break 'flawed', CIOT claims  Government reforms to wills and inheritance tax planning will not lead to more people leaving money to charity, a new report claims. The Chartered Institute of Taxation (CIOT) says plans to offer an inheritance tax break to anyone leaving ten per cent of their estate to charity have "fundamental defects" and ought to be replaced. In a study released today (September 5th), the organisation argues the proposals are overly complex and could be a disincentive to lifetime giving. The CIOT calls instead for a non-repayable inheritance tax credit to all charitable gifts on death, claiming that this will be simpler and more workable. Martyn Gowar, chairman of the CIOT's Succession Taxes Sub-Committee, said: "Encouraging charitable giving is an admirable aim for the government to have, but these proposals are complex, capricious and counterproductive. "They are so complicated that HMRC had to reissue one of their examples after they got it wrong themselves first time round." However, the Society of Trust and Estate Practitioners said the "innovative" plans would re-energise charitable giving. Posted by Alex McLean 
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