Charitable and Not-for-Profit Structuring
Charitable and not-for-profit structuring
Advising Charities
We can advise charities, philanthropists and other non-profit organisations on all legal and taxation aspects of setting up a charity in Ireland and its administration, including liaising with the Irish Revenue to obtain charitable status for tax purposes and liaising with the Commissioners fro Charitable Donations and Bequests/Charities Regulator.
Donations to Charities – Income tax relief
Donations made to approved bodies may qualify for income tax relief.
In order to qualify for the relief, a minimum donation of €250 by an individual in any year to any one approved body must be made.
The list of approved bodies is very wide and includes all educational establishments and charities which have been tax exempt for a minimum period of three years.
For individuals making donations to approved bodies with which they are connected, tax relief for total donations in a tax year is capped at 10% of total income. Where individuals who are subject only to PAYE make a donation to an approved body, the tax relief is claimed by the charitable body and not by the individual. This can be a useful source of funds for a charity.
We can advise on the establishment and registration of charities in Ireland to enable Irish donors to donate in a tax efficient manner.
