Tax relief on donations to certain sports bodies
What is a relevant donation?
A donation will qualify for tax relief if:
- it is a payment, in the form of money, of at least €250 in a tax year
- it is for the sole purpose of funding an approved project or qualifying project
- the donor has signed and given an appropriate certificate to
- the donor has paid the tax referred to in the appropriate certificate
- it is not otherwise deductible by a company as an expense in calculating their profits
- and
- it is not repayable.
When does a donation not qualify for tax relief?
A donation will not qualify for tax relief if:
- the donor benefits, either directly or indirectly, from the donation to the approved sports body or NGB
- or
- the donation is conditional on the sports body buying a property from the donor, or any person connected to the donor.
Note
When an approved project becomes fully funded and the approved sports body continues to receive donations for that project:
- the approved sports body must not seek further tax relief on donations
- and
- companies cannot claim tax relief on the donations.
Next: How to claim tax relief on donations