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We can advise on where a deed of covenant is useful for a family and draft the necessary documentation to effectively provide tax relief from income tax.

  • Covenants to permanently incapacitated adults are fully tax deductible.
  • Covenants to a permanently incapacitated minor child are fully tax deductible if paid by a person other than the parent.
  • Covenants to individuals aged 65 years or over who are not incapacitated are also relieved, subject to an overall limit of 5% of the covenantor’s total income.