The existing inheritance tax exemption for medals and other
decorations for valour or gallantry is being extended, from
3 December 2014, to all decorations and medals awarded to the
armed services or emergency services personnel and to awards
made by the Crown for achievements and service in public life, as
announced in the Autumn Statement 2014.
Annual tax on enveloped dwellings (ATED)
The ATED charges will increase by 50% above inflation for
residential properties worth more than £2 million for the
chargeable period 1 April 2015 to 31 March 2016, as announced
in the Autumn Statement 2014.
The related capital gains tax charge on disposals of properties
liable to ATED will be extended from 6 April 2015 to residential
properties worth over £1 million and up to £2 million. From
6 April 2016 the charge will apply to residential properties
worth over £500,000 and up to £1 million. These changes were
announced in the Budget 2014.
Gift Aid small donations scheme
The maximum annual donation amount that can be claimed
through the Gift Aid small donations scheme will increase from
£5,000 to £8,000. This will take effect from April 2016, allowing
charities and Community Amateur Sports Clubs to claim Gift Aid
top-up payments of up to £2,000 a year.
Charity authorised investment funds
The government is working with the Financial Conduct Authority
(FCA), the Charity Investors’ Group and the Charity Commission
to introduce a new Charity Authorised Investment Fund structure.
This will bring new investment funds established for charitable
purposes under FCA regulation, ensuring that they receive the
same regulatory oversight and protections as funds for retail
18 March 2015
Review your will.
become harder for your
family to rewrite the will
using a deed of variation.