| 释义 |
substantial donor
A person who makes a series of gifts to a charity that total £25,000 or more in any 12-month period or £100,000 or more during a six-year period. The charity is penalized by the denial of tax relief (or, sometimes, the imposition of a tax charge) if a property is sold to, or purchased from, or is let to, or is let from that substantial donor. This tax treatment also applies to the provision of services, exchanges of property, the provision of financial assistance and investment by the charity in the business of a substantial donor (Income Tax Act 2007 s 543–57). |