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Changes over time for: Section 414
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 21/07/2008
Status:
Point in time view as at 06/04/2007. This version of this provision has been superseded.
Status
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Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
There are currently no known outstanding effects for the Income Tax Act 2007, Section 414.
Changes to Legislation
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414Relief for gifts to charityU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)An individual who makes a gift to a charity which is a qualifying donation is entitled to the relief set out in subsection (2).
(2)The Income Tax Acts have effect in their application to the individual for the tax year in which the gift is made as if—
(a)the gift had been made after deduction of income tax at the basic rate, and
(b)the basic rate limit (see section 20) were increased by an amount equal to the grossed up amount of the gift.
(3)See subsection (7) of section 535 of ITTOIA 2005 (gains from contracts for life insurance etc: top slicing relief) for provision about how relief under this Chapter is to be ignored for the purpose of calculating relief under that section.
Yn ôl i’r brig