# Finance Act 2011, Section 41: Gift aid: increase of limits on total value of benefits associated with gifts


(1) In section 418 of ITA 2007 (gifts to charities by individuals: restrictions on associated benefits), in subsection (3), for “£500” substitute “ £2,500 ”.
(2) In section 197 of CTA 2010 (gifts to charities by companies: restrictions on associated benefits), in subsection (3), for “£500” substitute “ £2,500 ”.
(3) Accordingly, omit section 60(1)(b) of FA 2007.
(4) The amendments made by subsections (1) and (3) have effect in relation to gifts made on or after 6 April 2011.
(5) The amendment made by subsection (2) has effect in relation to gifts made in an accounting period ending on or after 1 April 2011.

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Source: https://www.legislation.gov.uk/ukpga/2011/11/section/41 (the official version)
Page: https://openlegislation.uk/finance-act-2011/section-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.