Tax relief cap could cost the sector hundreds of millions, says Charities Aid Foundation

Tax relief cap could cost the sector hundreds of millions, says Charities Aid Foundation: Its survey suggests that a large number of major donors will give less in the wake of the government's Budget announcement

Nearly 40 per cent of major philanthropists will give less in the wake of the government’s decision to cap tax reliefs for charitable donations, according to research by the Charities Aid Foundation.

A CAF a survey of 183 people who had given more than �50,000 a year to charity over the past three years asked: "Which of the following best describes the impact that you think the changes will have on the amount that you donate?"