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Income Tax Act 2007
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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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