Every week of the rugby season, HJRFC provides facilities and fixtures for more than 600 males and females, adults and juniors, to enjoy rugby. This is a formidable undertaking requiring considerable financial resources and a massive commitment of volunteer labour.
In today’s competitive amateur sports world, more and more organisations are seeking legacies from their supporters and HJRFC is no exception. Income from this source helps to secure our long-term future and maintain our facilities to a high standard.
HJRFC is part of Hillhead Sports Club which is registered as a CASC (Community Amateur Sports Club). CASC status provides benefits equivalent to those of a registered charity and a bequest to HJRFC would therefore be exempt from inheritance tax under the rules applicable to charitable bequests. You can also reduce the inheritance tax rate on the rest of your estate from 40% to 36% if you leave 10% or more of your net estate to charity.
Giving a legacy can be arranged by simply adding a codicil to your Will thus saving the expense of amending your original will. Legacies should be made out to “Hillhead Sports Club, 32 Hughenden Road, Glasgow, G12 9XP for the benefit of HJRFC” and we can provide you with the standard form.
If you are in receipt of a bequest and wished to donate part of it to HJRFC this could be achieved through a Deed of Variation. The bequest would be exempt from inheritance tax and you could also reduce the inheritance tax rate on the rest of the estate from 40% to 36% if 10% or more of the net estate is donated to charity.
Please contact John Maclean using the form below for further information, or speak to your professional advisers.