Sole trader - Charity donations Flashcards

1
Q

How is gift aid charity donation relief given?

A

Gross it up and extend bands

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2
Q

How is give as you earn charity donation relief given?

A

Don’t gross it up, deduct from salary, don’t extend bands

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3
Q

How is Quoted shares to charity donation relief given?

A

MV deducted from total income BEFORE personal allowance. Do not deduct, do not extend bands

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