Taxation of Chargeable Gains Act 1992 (c. 12)

Part VII U.K. Other property, businesses, investments etc.

Charities and gifts of non-business assets etc. U.K.

[F1 257A Tainted charity donations U.K.

(1) Section 257 does not apply in relation to—

(a) a tainted donation made by a person, or

(b) any associated donation.

(2) For the purposes of this section—

(a) “tainted donation” means a tainted donation within the meaning of Chapter 8 of Part 13 of ITA 2007 (tainted charity donations: removal of income tax reliefs etc) or Part 21C of CTA 2010 (tainted charity donations: removal of corporation tax relief), and

(b) “associated donation” means an associated donation within the meaning of section 809ZM of ITA 2010 or section 939F of CTA 2010.]

Textual Amendments

F1 S. 257A inserted (with effect in accordance with Sch. 3 para. 27 of the amending Act) by Finance Act 2011 (c. 11), Sch. 3 para. 3