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Donations – Tax Relief

Donations – Tax Relief

Tax Relief for donations

Tax relief is no longer granted for donations to eligible charities or approved bodies since 2012

However, there is still tax relief available for donations to approved sports bodies for the funding of a capital project

In order to qualify,

a) The sports body must be approved by Minister for Arts, Sports and Tourism

b) Cost of the project must be no more than €40 million

c) The sports body has to be hold a tax clearance certificate

The minimum qualifying donation in any year will be €250 and will available at your marginal rate. Which means if you pay tax at 20% you will get relief of 20% on the donation and the same for the 40% tax bracket.

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

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