Given the subject of this section is tax, it obviously isn’t easy to absorb. This section of the website has been written to make it as readable as possible. We’ve enlisted the help of some of the best minds in the field to contribute, however, as in all financial matters, you are strongly advised to get up-to-date expert advice in all areas to do with tax. Please do not base any decisions solely on the information contained in these pages.

Tax-efficient Giving and the Arts

The Irish fiscal system promotes tax-efficient giving to certain organisations that are either a registered charity or an ‘approved body’. Two of the most relevant Sections of The Taxes Consolidation Act 1997, which are frequently used by arts organisations to promote effective giving are:

Section 848A Taxes Consolidation Act 1997

This provides for a scheme of tax relief for certain eligible charities and other approved bodies in respect of donations received. The taxes covered by the relief are Income Tax and Corporation Tax. Read more here

Section 1003 of the Taxes Consolidation Act 1997

Under this section it is possible donate a heritage item to an approved body and claim a credit of 80% of the value of the item against your liabilities for certain Irish taxes. The taxes covered by the relief are Income Tax, Corporation Tax, Capital Gains Tax, Gift Tax and Inheritance Tax.

This site contains links to other sites. Business to Arts is not responsible for the content of such websites.

We’ve enlisted the help of some of the best minds in the field to contribute to this section of the website. However as in all financial matters, you are strongly advised to get up-to-date expert advice in all areas to do with tax.

Please do not base any decisions solely on the information contained in these pages.