ACCA Practice Test & Exam Prep

A higher-rate taxpayer makes a gross Gift Aid donation of £4,000 in 2025/26. How is higher-rate relief given?

The donation is deducted from total income before tax The basic rate band of £37,700 is extended by £4,000 A 20% tax reducer of £800 is given against the tax liability No further relief is available above the 20% retained by the charity

Correct Answer:

The basic rate band of £37,700 is extended by £4,000

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