my family made a collection for a hospice (registered charity) in the name of father when he passed away a couple of days ago, i was hoping to make the donation in my name and i believe that the government would top this donation up by 42 % as i am in that paye tax bracket - they gave dad great care and i want to maximise the money which we can donate by using this tax credit/break or however its termed
is there a lot of paperwork involved?
am i understanding the process correctly, i donate 1000 euro and then the charity can claim 420 euro back from government?
is it ok for the family to pool the money together and submit it in my name?
have read 2 other related posts in forum didnt understand about gift tax implications would the individual donations be deemed "gifts to me" and then in turn i would be donating the money as a lump sum
sure the gift tax would negate the donation tax benefit in that case !?? not sure what im talking about that last point
please help/clarify
is there a lot of paperwork involved?
am i understanding the process correctly, i donate 1000 euro and then the charity can claim 420 euro back from government?
is it ok for the family to pool the money together and submit it in my name?
have read 2 other related posts in forum didnt understand about gift tax implications would the individual donations be deemed "gifts to me" and then in turn i would be donating the money as a lump sum
sure the gift tax would negate the donation tax benefit in that case !?? not sure what im talking about that last point
please help/clarify