Part 2

Income tax, corporation tax and capital gains tax

Exemptions and reliefs

Gift aid: increase of limits on total value of benefits associated with gifts
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1
In section 418 of ITA 2007 (gifts to charities by individuals: restrictions on associated benefits), in subsection (3), for “£500” substitute “ £2,500 ”.
2
In section 197 of CTA 2010 (gifts to charities by companies: restrictions on associated benefits), in subsection (3), for “£500” substitute “ £2,500 ”.
3
Accordingly, omit section 60(1)(b) of FA 2007.
4
The amendments made by subsections (1) and (3) have effect in relation to gifts made on or after 6 April 2011.
5
The amendment made by subsection (2) has effect in relation to gifts made in an accounting period ending on or after 1 April 2011.