Donation of Heritage Items
Section 1003 of the Taxes Consolidation Act 1997 provides for a credit against tax liability where a taxpayer donates certain heritage items to the national collections. The following items were donated in 2011:
- The Seamus Heaney Archive valued at €1.75 million.
Since 2009, the tax credit available to the donor of heritage items is an amount equal 80% of the market value of such items, where the market value is established under the terms of section 1003. The value shown is the market value of the items.
Donation of Heritage Property to the Irish Heritage Trust
Section 1003A of the Taxes Consolidation Act, 1997 provides for a credit against tax liability where a taxpayer donates certain heritage property to the Irish Heritage Trust or the Commissioners of Public Works in Ireland.
- There was no donation under this scheme in 2011.