Taxability of donations received by individual

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29 Points Posted on 14 September 2020
Whether the donations received in the bank account of an individual from public for his medical emergency is taxable for him?
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On 14 September 2020 at 21:05 Report
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This discussion clarifies the tax implications of receiving donations from the public into an individual's bank account for a medical emergency. Generally, such donations are considered taxable income. However, there is a basic exemption threshold of £50,000. The thread also touches upon whether deductions can be claimed for the medical expenses incurred.

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CA Practice
184 Points Posted on 14 September 2020
Yes..it is taxable subject to basic exemption of 50000
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On 14 September 2020 at 23:26
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29 Points Posted on 15 September 2020
Can any deductions can be claimed for the medical expenses incurred?
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On 15 September 2020 at 12:06

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