Commentary

133.4 Anti-avoidance provisions on the reliefs on qualifying investments

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

133.4 Anti-avoidance provisions on the reliefs on qualifying investments

| Commentary

133.4 Anti-avoidance provisions on the reliefs on qualifying investments

The reliefs on qualifying investments1 gave rise to tax avoidance schemes which have been countered by changes to the legislation. This section considers the provisions as they apply to individuals. Corresponding provisions apply to companies with slightly different terminology2.

When a disposal is made the relievable amount cannot exceed the value of the net benefit to the charity at, or immediately after, the disposal3. In the case of a gift free of obligation, the net benefit to the charity is the ‘relevant value’ of the qualifying investment at the time of the

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