Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 6: Charitable donations relief

Chapter 1: Nature of relief
Section 189: Relief for qualifying charitable donations

752.This section allows qualifying charitable donations as deductions from a company’s total profits. It is based on section 338 of ICTA.

753.Allowable deductions are limited to an amount which reduces the taxable total profits for a period to nil.