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Part 8U.K.Other reliefs

Chapter 2U.K.Gift aid

The reliefU.K.

414Relief for gifts to charityU.K.

(1)An individual who makes a gift to a charity which is a qualifying donation is entitled to the relief set out in subsection (2).

(2)The Income Tax Acts have effect in their application to the individual for the tax year in which the gift is made as if—

(a)the gift had been made after deduction of [F1income tax—

(i)at the Scottish basic rate if the individual is a Scottish taxpayer for that tax year, or

(ii)otherwise, at the basic rate, and]

(b)the basic rate limit [F2and the higher rate limit] (see [F3section 10]) were increased by an amount equal to the grossed up amount of the gift.

(3)See subsection (7) of section 535 of ITTOIA 2005 (gains from contracts for life insurance etc: top slicing relief) for provision about how relief under this Chapter is to be ignored for the purpose of calculating relief under that section.

Textual Amendments

F1S. 414(2)(a)(i)(ii) and words substituted for words (with effect in accordance with art. 1(2) of the amending S.I.) by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 (S.I. 2015/1810), arts. 1(1), 14(6)

F2Words in s. 414(2)(b) inserted (with effect in accordance with Sch. 2 para. 25 of the amending Act) by Finance Act 2009 (c. 10), Sch. 2 para. 6

F3Words in s. 414(2)(b) substituted (21.7.2008 with effect in accordance with Sch. 1 para. 65 of the amending Act) by Finance Act 2008 (c. 9), Sch. 1 para. 20