A taxpayer with no capital gains tax liability makes a qualifying Gift Aid donation of 960 in
Question:
A taxpayer with no capital gains tax liability makes a qualifying Gift Aid donation of £960 in tax year 2020-21. Explain:
(a) why this donation is worth more than £960 to the charity which receives it
(b) why this donation might cost the taxpayer more than £960
(c) why this donation might cost the taxpayer less than £960.
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Step by Step Answer:
a The donation is deemed to be made net of 20 income tax The charity concer...View the full answer
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