Commentary

D1.353 Gifts of medical supplies and equipment

Corporate tax
Corporate tax | Commentary

D1.353 Gifts of medical supplies and equipment

Corporate tax | Commentary

D1.353 Gifts of medical supplies and equipment

Without special provision, a company which makes a gift of medical supplies or equipment from trading stock other than to a UK charity (see B2.442), would have to bring into the computation of trading profits the market value of the items gifted (see B2.441). Where such a gift is made for humanitarian purposes and for human use, no amount is to be brought in. In addition, any costs incurred by the company of transportation, delivery or distribution in respect of such gifts may be deducted in computing its trading profits1.

If the company or

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