Part 8Other reliefs
Chapter 2Gift aid
Restrictions on associated benefits
418Restrictions on associated benefits
1
For the purposes of section 416(7), the restrictions on benefits associated with a gift are breached if condition A or B is met.
2
Condition A is that the total value of the benefits associated with the gift exceeds the variable limit, which is—
F2a
in a case where the amount of the gift is £100 or less, 25% of that amount, and
b
in a case where the amount of the gift exceeds £100, the sum of £25 and 5% of the amount of the excess.
3
Condition B is that the sum of—
a
the total value of the benefits associated with the gift, and
b
the total value of the benefits (if any) associated with each relevant prior gift,
is more than F1£2,500.
4
“Relevant prior gift” means a gift—
a
which has already been made by the individual to the charity in the tax year, and
b
which is a qualifying donation.
5
This section needs to be read with sections 419 to 421.