Friday November 22, 2019

€2m in tax exemptions for donations of heritage items over last four years

1st March, 2015

The donation of the Seamus Heaney archive to the National LIbrary generated a tax credit of €1.4 million for its donors

The cost of tax exemption on donations of heritage items to the state was more than €2 million in the four years to 2014. Since 2009, the tax credit available to a donor of heritage items is an amount equal to 80 per cent of the market value of the donation.

Of the €2.09 million, the donation of the Seamus Heaney archive to the National Library of Ireland in 2011 was the most costly, with a tax credit...

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