| Commentary

121 Aggregate value

| Commentary

121 Aggregate value

A gift must also satisfy the aggregate value test contained in Section 418(3) of the Income Tax Act 2007. This requires the total value of all qualifying donations made in the tax year not to exceed £2,500 (£500 if made before 5 April 2011). A gift which exceeds the limit for a qualifying donation is not aggregated and does not count towards the limit.

The value of the benefit is the value to the donor or connected person recipient, not the cost to the charity of providing the benefit. For example, if a charity provides the donor with

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