If you are a PAYE taxpayer in Ireland you can help your donation go further by claiming for Tax Relief. As an approved body IMMA can then claim tax relief for donations made to us by donors.

For example, a personal donation of €690 to our IMMA 1000 fund will result in an actual donation of €1,000 for IMMA, once tax relief has been applied.

Criteria

The following donations to approved bodies qualify for tax relief:

• a minimum donation of €250
• a maximum donation of €1,000,000 in any one year.

Relief will be restricted to 10% of the donor’s annual income if there is a connection between the donor and the approved body, for example if the donor is a staff member.

As an approved body we can then claim a further 31% tax relief on your donation. We receive the grossed up amount, net of tax deducted at the specified rate.

The repayment to an approved body cannot exceed the amount of tax that the donor has paid for that year. The donor is not allowed a repayment of any tax that has been repaid to the approved body.

To qualify for relief the donation must:

• be in the form of money or designated securities (quoted shares and debentures) or a combination of both
• not be repayable to the donor
• not benefit the donor or anyone connected with the donor; for example, IMMA Members and Patrons cannot claim relief on their subscription.
• not be a condition or connected with any arrangement involved in obtaining a property other than by way of a gift from the donor to the approved body.

How to claim relief

Allowing IMMA to claim this relief on your behalf is very easy.  You simply provide us with the required information to claim the tax relief on one of these two forms:

• sending us a completed CHY4 Cert annually for one off donations
• or sending a CHY3 – Enduring Certificate which covers a period of up to five years, if you think you may donate more than once.

We recommend completing the CHY3 as this does not oblige you to donate more than once, but it does ease paperwork for any future donations.

More details of this process can be found in the Charitable Donation Scheme section of the Revenue website.

Donations of artworks, and other assets, are another important and valuable way to support IMMA, and the National Collection.

Donations of assets, or legacy giving, can be discussed in confidence with the Head of Development, Aoife Flynn. You can contact Aoife on email to [email protected] or phone to +353 1 612 9921

Donations of artworks are considered in line with our acquisitions policy by the Head of Collections in discussion with the Collections and Acquisitions Committee. Enquiries about the donation of artworks should be directed to Christina Kennedy, Senior Curator: Head of Collections. You can contact Christina Kennedy via email to [email protected] or via telephone to + 353 1 612 9907

The donation of a work of art to IMMA can be used to settle a tax liability. Such donations can be used to pay income tax, capital gains tax, gift / inheritance tax or corporation tax.

Heritage items include any kind of cultural item, for example paintings, manuscripts, books and any collection of cultural items which is determined by a Selection Committee to be :

• An outstanding example of its type
• Pre-eminent in its class
• The export from / import into Ireland would diminish / enhance Ireland’s cultural heritage
• Is valued at not less than €150,000 (total annual limit €6m)
• Is suitable for acquisition by IMMA

Note: The 2009 budget now offers 80% of the value of donated artwork against tax.

How to claim relief

• Request the Selection Committee to make a determination under above criteria (form available from Department of Arts, Sports and Tourism)
  Selection Committee requests the Revenue Commissioners to value the item(s) and this value represents the amount which can be set against a taxpayers tax liabilities
• Museum will issue a certificate to the donor (copy to Revenue) certifying receipt of the gift and transfer of ownership
• Donation must happen within one calendar year