Commentary

C3.1902 CGT reliefs and deferrals—gifts to charity and CASCs

Capital gains tax
Capital gains tax | Commentary

C3.1902 CGT reliefs and deferrals—gifts to charity and CASCs

Capital gains tax | Commentary

CGT reliefs and deferrals

C3.1902 CGT reliefs and deferrals—gifts to charity and CASCs

Relief from capital gains tax is given in respect of disposals of assets to a charity, a community amateur sports club (CASC), or body within IHTA 1984, Sch 3 (see C3.1903) otherwise than under a bargain at arm's length1. Where this relief applies, the market value consideration provisions which apply to gifts are disapplied, and the disposal is treated as being made for such consideration as produces neither a gain nor loss2. Disposals where venture capital trust (VCT) relief is available are expressly excluded3 (see Division E3.2). Relief is also not available where a

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