Income Tax Act 2007 (c. 3)

Part 8 Other reliefs

Chapter 3 Gifts of shares, securities and real property to charities etc

Value of net benefit to charity

437 Value of net benefit to charity

(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”).