Charitable Donation Claims
Question
My client has a company and has made a donation of groceries through the company to a third party. Can this be a deductible expense?
If he started a charity could money given to that charity be counted as a donation and be tax deductible, providing that the charity used the funds to provide for those in need.
Answer
The cost of the groceries incurred by the company are tax deductible. If your client set up a registered charity donations made to it would be tax deductible and for individuals a tax credit would be available.