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what would be the tax status of lots of small gifts?

aplegjnf · 2009-08-07 13:37:08

I am just wondering about what tax would be payable on lots of small cash gift. For example if 100,000 people gave me £10 towards a project I am looking to do - what tax category would it come into? or similar 10,000 people gave me £100. I know there is a tax free limit on gifts of about £3500 or so isn't there? Is this…

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aplegjnf Posts: 32 Forumite

10 August 2009 at 3:42PM

Thanks for the info.
I had already checked out the charity commission web site, but couldn't find the answers to the tax question. Hoping to start achieving my dream when my youngest has finished her home education next year!
thanks again!

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what would be the tax status of lots of small gifts?

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