Question:

If a company sponsors an ammature mens football team, is the money they donate tax deductable?

by  |  earlier

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And if so, what exactly does this mean?

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3 ANSWERS


  1. it depends on how much they donate, it is usually classed as a gift and no tax is paid on it.


  2. I think so, but im not too sure

  3. The sponsorship will probably come from the companies Community fund, or call it what they will and as such will be regarded as a charitable donation on the books and  will not be liable to be taxed when the company submit their annual figures to the Inland Revenue.

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