Tax relief on donations to certain sports bodies
What is a qualifying project?
Tax relief on donations may be claimed by National Governing Bodies where the income received is spent in respect of a qualifying project.
A qualifying project can mean one or more of the following:
- Purchase, construction and, or refurbishment of a building structure for sporting or recreation activities
- Purchase of land for sporting or recreation facilities
- Purchase of permanently based sporting or recreational equipment
- Improvement of playing pitches, surfaces and facilities
- Repayment or interest of borrowed money for four items above
- Purchase of equipment eligible under Community Sports Facilities Fund
- Measures that support elite athletes
- Promotion of participation in sport by women
- Promotion of participation in sport by people with disabilities.
Next: Who can claim the tax relief?