Commentary

132 Gifts of trading stock or equipment to charities etc

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

132 Gifts of trading stock or equipment to charities etc

| Commentary

E: GIFTS IN KIND

132 Gifts of trading stock or equipment to charities etc

A person carrying on a trade, profession or vocation obtains tax relief on gifts to charities1 and certain other bodies2 of articles manufactured or sold by him in the course of his trade, or plant or machinery used by him wholly or partly in the course of his trade, profession or vocation3. Subject to certain requirements, the donor is not required to account for any disposal value as a trading receipt, or to account for any disposal value for capital allowance purposes

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