Charity shop purcha...
 

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Charity shop purchase

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Topic starter
 

Are they tax deductible or only if you donate without gaining an item?


 
Posted : 06/01/2024 3:35 pm
Posts: 16346
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If you buy something wholly and exclusively for business use then you can add it as a business expense aiui. The fact it comes from a charity shop is irrelevant 


 
Posted : 06/01/2024 3:46 pm
Posts: 3265
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OP, are you suggesting that you want to treat a charity shop purchase as a donation and thereby qualify for higher rate tax relief? The answer is ‘no’. That applies to donations only. Though donations can be cash or goods to qualify.

You can treat a legitimate purchase for your business from a charity shop in the same way as other purchases as @nickjb describes.

https://www.gov.uk/donating-to-charity/gift-aid


 
Posted : 06/01/2024 4:06 pm

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