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Previously on "Charitable donation - can it be tax deducted?"

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  • northernladuk
    replied
    Originally posted by Lance View Post
    Correct. Gift Aid is only for UK based charities.
    But as charitable donations are tax deductible, and as the OP wants to basically skim the tax off some private health care, the tax deductible route is the better one (albeit not legal).
    No i meant the whole thing. If its not a registered UK charity his whole plan falls apart. You cant give to a hospital in Russia even its considered as a caritable organisation in Russia.

    http://www.brookson.co.uk/knowledge-...ble-donations/

    Bit of a moot point really as his entire plan is so bad its not gonna work anyway. You dont pay in to a charity to fund one person amongst other holes in his idea.
    Last edited by northernladuk; 14 November 2016, 11:07.

    Leave a comment:


  • Lance
    replied
    Originally posted by northernladuk View Post
    I thought it had to be a UK organisation to get thr benefits so even if the host of other unknowns get sorted its a no goer cause its not UK based.
    Correct. Gift Aid is only for UK based charities.
    But as charitable donations are tax deductible, and as the OP wants to basically skim the tax off some private health care, the tax deductible route is the better one (albeit not legal).

    Leave a comment:


  • northernladuk
    replied
    I thought it had to be a UK organisation to get thr benefits so even if the host of other unknowns get sorted its a no goer cause its not UK based.

    Leave a comment:


  • Lance
    replied
    Originally posted by MrMarkyMark View Post
    Lets say, when considering those two locations, you never know
    which is why I wanted to leave the option open. It is, after all, the way the world works for the very wealthiest.
    I reckon if the OP made a donation of a few hundred million £ to a charity close to Putin's heart then this will work itself out very nicely. 1st world problems.

    Leave a comment:


  • MrMarkyMark
    replied
    Originally posted by Lance View Post
    Yes you can.
    I'm very sorry to hear that. Sort of. They can claim gift aid but that only applies if you paid personally and are not claiming any tax relief personally on the charitable donation. Your LTD company isn't you personally and as you are trying to claim tax releif that's a double "no".

    No you can't. Unless you can find a hospital that allows you to make a charitable donation and they then treat him for free. Good luck with that.
    needs an operation either in Russia or Kazakhstan
    Lets say, when considering those two locations, you never know

    Leave a comment:


  • Lance
    replied
    Originally posted by Emil Bakeev View Post

    I wonder if I could use my limited company for an effective donation.
    Yes you can.
    Originally posted by Emil Bakeev View Post
    My father is ill
    I'm very sorry to hear that.
    Originally posted by Emil Bakeev View Post
    he is not in the EU (he is in Central Asia) and needs an operation either in Russia or Kazakhstan. I know that, if I pay to a charity in the UK, the charity can claim tax back.
    Sort of. They can claim gift aid but that only applies if you paid personally and are not claiming any tax relief personally on the charitable donation. Your LTD company isn't you personally and as you are trying to claim tax releif that's a double "no".

    Originally posted by Emil Bakeev View Post
    However, could you advice me if I could make a charitable tax-free payments towards operation of my father?
    No you can't. Unless you can find a hospital that allows you to make a charitable donation and they then treat him for free. Good luck with that.

    Leave a comment:


  • Scruff
    replied
    Originally posted by ruasonid View Post
    Accounts are not yet filed :-)
    Be careful because you have made yourself too visible...🤒😷
    Last edited by Scruff; 14 November 2016, 09:24.

    Leave a comment:


  • ruasonid
    replied
    Originally posted by TheCyclingProgrammer View Post
    I'm sorry your Father is ill but it must surely be obvious that paying for his medical treatment is not a charitable donation by any stretch of the imagination.

    No, in other words.
    Just the sort of enterprising people post-Brexit Britain needs?

    Leave a comment:


  • ruasonid
    replied
    Originally posted by northernladuk View Post
    Using your own name as a forum name isn't the smartest move either. HMRC read these pages so I'm sure they'd be wanting a look at your accounts if you think this is a sensible question.
    Accounts are not yet filed :-)

    Leave a comment:


  • TheCyclingProgrammer
    replied
    I'm sorry your Father is ill but it must surely be obvious that paying for his medical treatment is not a charitable donation by any stretch of the imagination.

    No, in other words.

    Leave a comment:


  • northernladuk
    replied
    Using your own name as a forum name isn't the smartest move either. HMRC read these pages so I'm sure they'd be wanting a look at your accounts if you think this is a sensible question.

    Leave a comment:


  • Fred Bloggs
    replied
    So, you want to know if your UK company can pay for your father's operation and medical care?

    Yes it can. It can pay for anything you like. But you will have to declare it as income and pay the due tax on it.

    You want to pretend that paying for your father's operation and medical care is a "no strings" overseas charitable donation in order to avoid UK corporation tax on the donation? To an organisation that is outside the UK, is not a UK registered charity, and you aren't even sure the organisation even IS a charity? Just think about it for a second. What do you think?

    Leave a comment:


  • Emil Bakeev
    started a topic Charitable donation - can it be tax deducted?

    Charitable donation - can it be tax deducted?

    Hi, all,

    I wonder if I could use my limited company for an effective donation.

    My father is ill, he is not in the EU (he is in Central Asia) and needs an operation either in Russia or Kazakhstan. I know that, if I pay to a charity in the UK, the charity can claim tax back. However, could you advice me if I could make a charitable tax-free payments towards operation of my father?

    The payment will go directly to a hospital. I don't know if the hospital registered as a charity or private business, or governmental organisation. And the payment has nothing to do with my line of business (management consulting)

    Many thanks

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