Hi all,
As far as I can see there is no provision with which this is possible but ask the experts and all...
Facts:
Will trust set up with one 'beneficiary' but the funds are used to pay school fees. The trust made a donation of several thousand to the school, to help some parents who were struggling during the pandemic. The school has asked if they can reclaim gift aid, which on the face of it would be a no since the donation was not made by an individual.
However, can anyone think of any kind of structure where this might be possible for the future? Is there any argument under which you could claim the donation to be a deductible expense (thinking not myself)?
The trust pays income tax on mostly dividends.
Thanks,
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