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Donated items sold by charity shop and gift aid

If a higher rate tax payer donates goods to a charity shop can the tax payer claim back the tax difference between basic rate and higher rate.

I want the charity to claim the normal basic rate but how do I claim the incremental difference on the self assessment form. The charity has notified me how much has been raised from sale of the goods.

Do I include the whole amount along with other money donations made on self assessment or only a pro rata amount.

I have tried reading this but can't find anything relevant. Have I just missed it, or it in not there as this is not feasible. Thanks.

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

Comments

  • subjecttocontract
    subjecttocontract Posts: 3,851
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite
    edited 16 October at 3:30PM

    Surely you would just include the figure supplied by the shop as the sale proceeds, along with your other gift aid donations in the gift aid section of the online self assessment. The system will automatically adjust your tax accordingly.

  • sherlock228
    sherlock228 Posts: 188
    100 Posts Name Dropper
    Forumite
    edited 16 October at 6:50PM

    as above, you are in self assessment so all you do is enter the sales value supplied by the charity.
    SA works out your tax relief at your marginal rate for you.

  • littlemoney
    littlemoney Posts: 916
    Part of the Furniture 500 Posts Name Dropper
    Forumite

    @subjecttocontract and @sherlock228

    Thanks just hadn't appreciated it was so simple. An incentive to continue clearing out and donating to charity shop.

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