Taxes Consolidation Act 1997 section 848A

Donations to approved bodies

Section 848A provides a uniform scheme of tax relief for donations of at least €250 (in money or quoted securities) made by individuals or companies to approved bodies listed in Schedule 26A, replacing a range of previously separate reliefs.

• For individual donors, the donation is grossed up at the specified rate of 31% and the approved body reclaims the tax from Revenue; for corporate donors, the donation is treated as a deductible trading expense or expense of management.
• To qualify, a donation must not be repayable, must not confer any benefit on the donor or a connected person, and must not be linked to any arrangement for the acquisition of property by the approved body.
• An individual donor must be Irish-resident and must provide an annual certificate or an enduring certificate (valid for five years) to the approved body, containing the donor's PPSN and confirmation that the relevant tax has been or will be paid.
• Donations by individuals are subject to an overall annual cap of €1,000,000, and where the donor is associated with the approved body (as an employee or member), relief is restricted to 10% of the donor's total income for the year.