Donations (Creativity Trust) Rules – Legal Notice 23 of 2013

Applicable to

Individuals and Companies

Allowable Deduction

Donations (in monetary amount, in any other asset or in kind) made by an individual or a

company to the Creativity Trust established by the Creativity Trust order will be an allowable

as a deduction against that person's chargeable income (in the year it was made) as long as the

donation is not less than Euro 150 and not greater than Euro 100,000.

Conditions Apply

Certain conditions must be adhered to:

(a) A relevant signed certificate in respect of such a donation is issued to the donor by the

trustees of the Creativity Trust. The certificate should include the date of donation,

name, identity card number/ company registration number, address/registered address

of the donor, value of the donation and the purpose for which the donation is being

made); and

(b) The donation is made for the purpose of advancement of culture, arts, national heritage

and the creative industries, or of education therein, or of persons practitioners in such

fields; and

(c) The trustees of the Creativity Trust have submitted (to the Commissioner) a statement

including the details of the donor and donation listed in the certificate provided by the

Creativity Trust to the donor.

Other Matters

When an asset is being donated, the written down value of the asset (cost less capital

allowances as at date of donation) will be considered to be the value of the donation.

When an asset is purchased by the donor to forward to the donee or is issued out of the donor's

own stock, the value of the donation will be the equivalent to its cost to the donor.