Commentary

C3.1903 CGT reliefs and deferrals—gifts for national purposes

Capital gains tax
Capital gains tax | Commentary

C3.1903 CGT reliefs and deferrals—gifts for national purposes

Capital gains tax | Commentary

C3.1903 CGT reliefs and deferrals—gifts for national purposes

A transfer of value is an exempt transfer for inheritance tax purposes1 in so far as it is attributable to property transferred to any of the bodies listed2 in I4.218. Gifts of assets to any of these bodies attract the same relief from capital gains tax as gifts to charity, subject to the prohibition for 'tainted donations' as outlined3 in C3.1902.

Where property is sold to one of the listed bodies, there is no special relief or exemption from capital gains tax on the sale unless the sale was by private treaty and the price was discounted to

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