Tax when your limited company gives to charity
How to claim
There are different ways to claim tax relief depending on the type of donation you make.
Deduct from your profits
Claim relief in the Company Tax Return that covers the accounting period during which you made the donation or sale if you have:
- donated money
- given or sold land, property or shares
Enter the total value of your donations in the 바카라 사이트˜Qualifying donations바카라 사이트™ box of the 바카라 사이트˜Deductions and Reliefs바카라 사이트™ section of your tax return.
There are special rules for working out the value of your donation if you give or sell land, property or shares to a charity.
Deduct as business expenses
Deduct costs as normal business expenses in your company바카라 사이트™s annual accounts if you have:
- seconded employees
- sponsored a charity
Claim capital allowances
Claim capital allowances on the cost of equipment you donate in your company바카라 사이트™s annual accounts.
If you donate more than your profit
The most you can deduct is the amount that reduces your company바카라 사이트™s profits to zero.
If you donate more than your total profits you can바카라 사이트™t:
- declare trading losses on your tax return
- carry over any remaining amount to your next tax return