416 Meaning of “qualifying donation”
Income Tax Act 2007 (2007 c 3) | Legislation

416  Meaning of “qualifying donation”

(1)     A gift made to a charity by an individual is a qualifying donation for the purposes of this Chapter if—

(a)     conditions A to [F] are met, and

(b)     the individual[, or an intermediary representing the individual,] gives the charity[, or an intermediary representing the charity,] a gift aid declaration relating to the gift (see section 428).

[(1A)     For the purpose of subsection (1)(b) an intermediary is—

(a)     a person authorised by the individual to give a gift aid

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

False imprisonment

False imprisonmentLiabilityFalse imprisonment consists of the complete deprivation of liberty without a lawful basis. Claims will in practice be made against a public body that exercises detention powers, usually a local police force, the Secretary of State for the Home Department or the Secretary

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

Common financial covenants

Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan

LEXISNEXIS

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty,