Purchases at Charity Auctions

Grange Associates Ltd - 20 January 2012

Sometimes we buy collectables and such at charity events through auction. The question arises, have you made a donation or a purchase?

For there to have been a donation a gift of money needs to have been made voluntarily to the charity without any identifiable direct benefit accruing to you.

Here the item you purchased is a direct benefit, irrespective of how much more than its true value you actually paid, and consequently your payment is not a donation.

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All information is correct at the date of article publication. Please note we provide the information as a service only. Accordingly, the contents are not intended as a substitute for specific professional advice and should not be relied upon for that purpose.   

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