Charity Giving

DawnyDawny Settling In NicelyPosts: 60MAAT, AAT Licensed Accountant
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!


  • jamesm96jamesm96 Experienced Mentor Posts: 523Registered
    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!
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