If you make a donation and are a UK tax payer you can claim the tax back.
At the same time we can claim that tax as an additional donation.
|Net Payment to College||£1,000||£10,000||£100,000|
|Tax reclaimed by College||£250||£2,500||£25,000|
|Value to College (Gross)||£1,250||£12,500||£125,000|
|Higher Rate relief at 40%||£250||£2,500||£25,000|
|Cost to 40% taxpayer||£750||£7,500||£75,000|
We are in the process of setting up a tax efficient scheme in Hong Kong too and can give advice on other countries such as the USA. If you wish to discuss this, please email us.
For our community of parents and alumnae in the US, we have established a US Friends of CLC through the British Schools and Universities Foundation Inc (BSUF). To make a gift, please visit http://bsuf.org/