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Self Assessment Gift Aid
CBRPilot
Posts: 6 Forumite
Having to submit my first ever self assessment form (2019 - 2020) and a little bewildered. "Charitable Giving", can I include gift aided monies that were raised by charities from my donations of clothing and other goods to them? And if so, how far back can I go, for instance can I include sums raised during the tax year 2018 - 2019 ?
Many thanks
Many thanks
0
Comments
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Normally the charity will let you have a figure to treat as qualifying for Gift Aid. They do this for people who have already registered for Gift Aid purposes with them. A detailed explanation is here:
https://www.gov.uk/government/publications/charities-detailed-guidance-notes/chapter-3-gift-aid#chapter-342-claiming-gift-aid-when-goods-are-sold-by-and-the-proceeds-gifted-to-charities
You would have to complete a claim for 2018/19 to deal with gifts in that year.
You have to be a higher rate taxpayer to get a repayment of tax.
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Sounds like the OP has gifted items, rather than gifting money from the sale of those itemsJeremy535897 said:Normally the charity will let you have a figure to treat as qualifying for Gift Aid. They do this for people who have already registered for Gift Aid purposes with them. A detailed explanation is here:
https://www.gov.uk/government/publications/charities-detailed-guidance-notes/chapter-3-gift-aid#chapter-342-claiming-gift-aid-when-goods-are-sold-by-and-the-proceeds-gifted-to-charities
You would have to complete a claim for 2018/19 to deal with gifts in that year.
You have to be a higher rate taxpayer to get a repayment of tax.You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride0 -
It could well be, although rather disappointing if the charity hasn't covered this point, with a regular donor. That is why I linked the detailed advice, which covers this point. I get a standard email asking me to come back within 30 days if I want them to pay me the proceeds of my items they have sold.unholyangel said:
Sounds like the OP has gifted items, rather than gifting money from the sale of those itemsJeremy535897 said:Normally the charity will let you have a figure to treat as qualifying for Gift Aid. They do this for people who have already registered for Gift Aid purposes with them. A detailed explanation is here:
https://www.gov.uk/government/publications/charities-detailed-guidance-notes/chapter-3-gift-aid#chapter-342-claiming-gift-aid-when-goods-are-sold-by-and-the-proceeds-gifted-to-charities
You would have to complete a claim for 2018/19 to deal with gifts in that year.
You have to be a higher rate taxpayer to get a repayment of tax.1 -
Many thanks for your help and advice regarding my initial posting. Just to clarify, I am registered for Gift Aid and the charity concerned does provide me with the required letters of notification about the goods I donate for sale etc, I just wasn't sure about entering such information on my self assessment.
Once again my thanks1 -
You can go back 4 years, but you cannot include on one tax return. You will have to make a claim for overpayment of tax for the applicable tax returns0
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