| Commentary

130 Restrictions

| Commentary

130 Restrictions

Relief is only given if the payment is a ‘qualifying charitable donation’1. A payment is not a qualifying donation if2:

  1. 130.1

        it is a dividend or distribution of profits;

  2. 130.2

        it is made subject to a condition as to repayment;

  3. 130.3

        the company or a connected person receives a benefit which exceeds the ‘relevant value’ in relation to the payment;

  4. 130.4

        it is conditional on or part of an arrangement involving the charity acquiring the property (other than as a gift) from the company or a connected person;

  5. 130.5

        it is made by

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial