Commentary

D1.356 Gifts of pre-eminent objects

Corporate tax
Corporate tax | Commentary

D1.356 Gifts of pre-eminent objects

Corporate tax | Commentary

D1.356 Gifts of pre-eminent objects

Relief for gifts of pre-eminent objects is designed to stimulate lifetime. taxpayer who make such gifts to the nation receive a tax reduction based on a percentage of the value of the object donated1.

The scheme applies to individuals and companies and is detailed at C3.1904, although the following specific rules apply only to companies.

The tax deduction given is equal to 20% of the value of the object donated. The company may choose to accept a lower percentage if it wishes, for example where the value of the gift is very high or the company's

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