Related Commentary  

521(1)  This section applies if gifts are made to charitable trusts by individuals and the gifts are qualifying donations for the purposes of Chapter 2 of Part 8 (gift aid).

521(2)  Income tax is charged on the gifts under this section.

521(3)  It is charged on the grossed up amount of the gifts arising in the tax year.

521(4)  But a gift is not taken into account in calculating total income so far as it is applied to charitable purposes only.

521(5)  The grossed up amount of a gift is the amount of the gift grossed up by reference to the basic rate for the tax year in which the gift is made.

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