Related Commentary  Related HMRC Manuals

63(1)  If a person disposes of plant or machinery by way of gift in circumstances such that there is a charge to tax under ITEPA 2003, the disposal value of the plant or machinery is nil.

63(2)  If a person carrying on a relevant qualifying activity makes a gift of plant or machinery used in the course of the activity–

(a)to a charitable trust,

(aa)to a charitable company,

(ab)to a registered club within the meaning of Chapter 9 of Part 13 of CTA 2010 (community amateur sports clubs),

(b)to a body listed in section 468 of CTA 2010 (various heritage bodies and museums), or

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