Gift Aid?

Gift Aid is an Inland Revenue Scheme that really helps Sussex Heritage Trust. Donors can make payments, large or small, regular or one-off to UK charities under Gift Aid. All you have to do is sign a declaration (which we can provide) confirming that you will pay an amount of income tax or capital gains tax that is equal to the tax the charity will claim.

So, for every £10 you give to the Trust, we can reclaim an extra 28%, making a £10 donation worth £12.80. This may not sound very much but if, for example, a thousand people gave £10, the value to the Trust would be £12,800 - a very useful sum!

Companies can also give under the Gift Aid scheme simply by making a payment to a charity. The company can then deduct that amount in computing its profits for corporation tax purposes. That’s all there is to it; the company pays less corporation tax, the charity benefits! There are also tax relief facilities when giving shares or securities to charity.