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TaxRobin
TaxRobin, Tax Consultant
Category: Tax
Satisfied Customers: 15741
Experience:  International tax
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We are a charity giving grants and gifts to beneficiaries. Is

Resolved Question:

We are a charity giving grants and gifts to beneficiaries.
Is this income taxable in the beneficiaries hands?
Submitted: 3 years ago.
Category: Tax
Expert:  TaxRobin replied 3 years ago.
Hello,
A grant or subsidy may be received in relation to non-trading activities. In this situation, the grant or subsidy is not taxable income. If someone has to provide goods or services to the person or organisation providing the grant, then it is not grant income.
The same rule applies to the money you give to individuals. If these individuals are closely affiliated with the charity (employee or director) then that amount may be taxable to them as a benefit.
TaxRobin and other Tax Specialists are ready to help you
Customer: replied 3 years ago.
Many thanks
Expert:  TaxRobin replied 3 years ago.
You are most welcome. Rating lets Just Answer know you were asisted and credits me for my time.