Part 6Charitable donations relief
Chapter 1Nature of relief
189Relief for qualifying charitable donations
1
Qualifying charitable donations made by a company are allowed as deductions from the company’s total profits in calculating the corporation tax chargeable for an accounting period.
2
They are deducted from the company’s total profits for the period after any other relief from corporation tax other than group relief.
3
The amount of the deduction is limited to the amount that reduces the company’s taxable total profits for the period to nil.
4
Except as otherwise provided, a deduction is allowed only in respect of qualifying charitable donations made by the company in the accounting period concerned.
5
The above provisions are subject to any express exceptions in the Corporation Tax Acts.
190Qualifying charitable donations: meaning
1
The following are qualifying charitable donations for corporation tax purposes—
a
payments which are qualifying payments for the purposes of Chapter 2 (certain payments to charity), and
b
amounts treated as qualifying charitable donations under Chapter 3 (certain disposals of investments to charity).
2
However, no payment that is otherwise deductible from total profits, or in calculating any component of total profits, is a qualifying charitable donation.