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Is it legal for a business to gift money to a charity in relation to a specific project that company is doing and can this be exempt from tax as it is being gifted to a chosen charity?
Wiki User
∙ 12y ago
In the US, (you appear to have an British flavor to your Q), contributions to a qualified charity are always deductible. When done for a business, I wpuld suggest that it woyuld be a promotional/advertising expense, even if not to a qualified charity...which of course is also a deductible business expense.
Wiki User
∙ 12y ago
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