gift aid

(redirected from Gift Assistance)
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gift aid

a tax relief for cash gifts to UK charities or community amateur sports clubs to whom a declaration that the payment is made under gift aid has been made. The payment is treated as a net amount after deduction of basic rate tax which the payee then recovers from HM REVENUE & CUSTOMS. Unless the payer is liable to higher rate tax, no further tax relief is due.
References in periodicals archive ?
HAND commissioned the study and the FOIA request to test the veracity of the IG's assertion that down payment gift assistance from nonprofits was hindering the solvency of the FHA insurance fund.
In addition to providing down payment gift assistance, Nehemiah has created other programs that work to revitalize communities including: Nehemiah Community Reinvestment Fund, Nehemiah Community Foundation and Nehemiah Urban Ministry Initiatives.
Nehemiah Corporation of America, the nation's leading privately-funded nonprofit provider of down payment gift assistance, founded NCRF in 1999 to make loans and equity investments in community development projects in California.
Setting an example for the industry to follow, the Nehemiah Corporation of America, the nation's leading privately-funded nonprofit provider of down payment gift assistance, today unveiled the Nehemiah Code of Conduct, a guideline of policies and standards based on the company's existing best practices.
In addition to providing downpayment gift assistance, Nehemiah has created other programs that work to enrich communities including: Nehemiah Community Reinvestment Fund, Nehemiah Community Foundation and Nehemiah Urban Ministry Initiatives (NUMI).
In addition to providing down payment gift assistance, Nehemiah has created other programs that work to enrich communities including: Nehemiah Community Reinvestment Fund, Nehemiah Community Foundation and Nehemiah Urban Ministry Initiative.