Income Tax Act 2007 section 413

Overview of Chapter

Section 413 provides an overview of the Gift Aid chapter, which gives income tax relief to individuals who make qualifying cash gifts to charities.

• Gift Aid provides tax relief for individuals who make monetary gifts to charities, with the detailed mechanics of the relief set out in section 414
• In certain circumstances, an individual's entitlement to other reliefs (including personal allowances) may be restricted, and an additional income tax charge may arise where the tax treated as deducted from gifts exceeds the individual's actual income tax and capital gains tax liability
• Certain bodies are treated as charities for Gift Aid purposes, and the relief is subject to anti-avoidance rules that remove relief for tainted charity donations
• Related reliefs for charities appear in Part 10 of this Act and Part 11 of the Corporation Tax Act 2010, while reliefs for community amateur sports clubs are found in Chapter 9 of Part 13 of the Corporation Tax Act 2010