Part 6Charitable donations relief
Chapter 1Nature of relief
189Relief for qualifying charitable donations
1
Qualifying charitable donations made by a company are allowed as deductions from the company's total profits in calculating the corporation tax chargeable for an accounting period.
2
They are deducted from the company's total profits for the period after any other relief from corporation tax other than group relief F3and group relief for carried-forward losses.
3
The amount of the deduction is limited to the amount that reduces the company's taxable total profits for the period to nil.
4
Except as otherwise provided, a deduction is allowed only in respect of qualifying charitable donations made by the company in the accounting period concerned.