Guidance says that the donor might be a trader if large, but cant imagine it applies to many https://www.gov.uk/government/publications/charities-detailed-guidance-notes/chapter-3-gift-aid#chapter-342-claiming-gift-aid-when-goods-are-sold-by-and-the-proceeds-gifted-to-charities …
Is Oxfam avoiding tax? https://hiyamaya.wordpress.com/2016/05/27/is-oxfam-avoiding-tax/ … with comments by @iaincampbell07 @jeremydcape @AislingTax @JudithFreedman
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you're right. I concede
End of conversation
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Oxfam may not be avoiding tax but their doners will - they wont be declaring their trading profits will they?
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the purchase price that you donate and count as your income aint a profit then? KISS
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but your old cardigan has no input value
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giving away goods aint trade but employing an agent ie an Oxfam shop might be - cf HMRC and the ebay traders
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Hi Jeremy, please be assured that our volunteers will always price items at good value for the donor and buyer. Thanks, Ellie.
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