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 2017-18. 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 worth more than 960 to the charity which receives it because the rules of Gift Aid ...View the full answer
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Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
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