Charity Giving
Dawny
Registered Posts: 62 Regular contributor ⭐
Can somebody please confirm, does a limited company donating previously used and fully expensed furniture to a charity shop count as charity giving in it's tax calculation?
Thank you!
Thank you!
0
Comments
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No mate; what would the transaction value be? You've already Dr the full cost to 'R&R' (or to Fixed Assets and fully depreciated it) so there's nothing to Dr to 'Charitable Expenditure'.
Don't let the 'charitable' bit confuse you; it's no different to any other expense code - you can't claim tax relief for a purchase you've already included in full!0
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