IMMA receives core funding from the State, but donations of money, artworks or other assets are vital to continue the development of IMMA’s ambitious programmes. Donations are gratefully accepted through the Development Office. For private donations please contact [email protected] and for corporate support please contact [email protected]
The Irish Taxation System promotes tax-efficient donating to IMMA, and other charities and approved bodies, through specific provisions designed to facilitate assistance to the Arts. The attraction of these provisions is that they enable taxpayers to make tax payments or to donate works of art in a way which directly and identifiably benefits the Arts.
The provisions form part of a wider body of tax law which is intended to foster a greater appreciation of art and to maintain and enhance the national collection.
Income tax, capital gains tax, capital acquisitions tax and corporation tax liabilities may be mitigated or eliminated through either financial donations or by donations or loans of works of art.
These imaginative provisions give taxpayers with an interest in art an opportunity to assist directly with the development of art in Ireland and the maintenance of Ireland’s cultural heritage.
Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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.
The following donations to approved bodies qualify for tax relief:
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.
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:
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 :
Note: The 2009 budget now offers 80% of the value of donated artwork against tax.
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