Part 8Other reliefs
Chapter 3Gifts of shares, securities and real property to charities etc
Value of net benefit to charity
440Meaning and amount of “disposal-related liability”
(1)
In this Chapter a liability is a “disposal-related liability” in the case of a qualifying investment if it is a liability of the charity under a disposal-related obligation in relation to the qualifying investment.
(2)
If the disposal-related obligation is contingent, the amount to be brought into account for the purposes of section 437 at any time in respect of the disposal-related liability, so far as contingent, is—
(a)
if the contingency occurs, the amount or value of the liability actually incurred in consequence of the occurrence of the contingency, or
(b)
if the contingency does not occur, nil.