Commentary

D1.323 Transfer of securities or real property to a charity

Corporate tax
Corporate tax | Commentary

D1.323 Transfer of securities or real property to a charity

Corporate tax | Commentary

D1.323 Transfer of securities or real property to a charity

A company which is not itself a charity may claim relief for a disposal to a charity of a qualifying investment (ie securities)1 or real property2.

This relief is given by treating the disposal as a qualifying charitable donation. Relief cannot also be claimed in respect of the disposal as a deduction in computing trading profits under CTA 2009, s 105, see B2.4423.

Qualifying investment

A qualifying investment means4:

  1.  

    •     shares or securities which are listed or dealt in on a recognised stock exchange

  2.  

    •     units in an authorised unit trust (see D8.110)

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