Tax Relief and Donations
- BCRFC
- Nov 1, 2023
- 1 min read
A timely reminder to those on self-assessment and completing their income tax returns: Individuals and companies can obtain tax relief for donating money to Blackrock College RFC in 2023 OR 2024 because we are a designated sporting body, approved by Revenue.
Full details of the scheme are on Revenue.ie.
How the relief will be given depends on whether you are a paye only taxpayer or self-assessed. Companies just claim the donation as deduction in their accounts. Generally, it works better for a company or a self-assessed individual or couple. As an example, a self assessed individual donating €2,000 euro to the club to help with Capital improvements would reduce his or her income tax bill by €800.
Anyone interested in pursuing this relief should contact their advisor to take advantage of the relief.
If you are interested in making a donation to the club, please contact Pat Finn on 0872565935.
Helpful breakdown of tax relief for charitable donations! It's clear how beneficial this can be, especially for self-assessed individuals and companies. Understanding these nuances is crucial for maximizing tax efficiency. For those tackling complex financial topics or even students working on advanced research, resources like the best dissertation help services in Ireland could be invaluable for navigating similar intricate details.