Tax relief on Gift Aid

If I'm a higher rate taxpayer earning £51,270 a year, I am paying 40% income tax on £1000 = £400 If I donated £5000 to charity using Giftaid can I claim back £1250 in tax relief or is this capped at £400? Thanks

Hi,
Please find guidance on your query using the link below:
Tax relief when you donate to a charity: Gift Aid
Thank you

Hi, I have read that but I'm still not sure on the answer to my question Thanks

Hi, not an Admin but can answer. If you donated £5000 then this would be grossed up to £6250 and your basic rate band would be extended by £6250. But because your earnings are only £51,270 then you would only be able to use £1,000 of it which would give you a refund of £200. You can't claim £400 of the £1000 because the charity claims the first 20% (so claims the first £200) and you can only claim any tax paid in excess of that 20%.

Hi ZedM, the extra relief would only be applicable on any of your income that would fall into the higher rate tax bracket.
Thank you.