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Income Tax Act 2007

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This is the original version (as it was originally enacted).

437Value of net benefit to charity
This section has no associated Explanatory Notes

(1)For the purposes of this Chapter the value of the net benefit to a charity is—

(a)the market value of the qualifying investment, or

(b)if the charity is, or becomes, subject to a disposal-related obligation, the market value of the qualifying investment reduced by the total amount of the disposal-related liabilities of the charity.

(2)This section is supplemented by—

  • section 438 (market value of qualifying investments),

  • section 439 (meaning of “disposal-related obligation”), and

  • section 440 (meaning and amount of “disposal-related liability”).

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