| Commentary

111 Disposals by way of gift

| Commentary

111 Disposals by way of gift

A disposal of an asset which would give rise to a chargeable gain1 if made in favour of an individual or non-charitable body, does not give rise to a chargeable gain if made in favour of a charity2 otherwise than under a bargain at arm’s length3.

If the disposal is a gift, or the disposal is for a consideration which is no more than the allowable costs of acquisition and disposal4, it is treated as resulting in neither a gain nor a loss, and the donor’s acquisition is treated as

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