Related Commentary  Related HMRC Manuals

107(1)  This section applies if–

(a)a company carrying on a trade makes a gift from trading stock of medical supplies or medical equipment,

(b)it makes the gift for humanitarian purposes, and

(c)the supplies or equipment are for human use.

107(2)  In calculating the profits of the trade, no amount is required to be brought into account as a receipt in consequence of the gift.

107(3)  In calculating the profits of the trade, a deduction is allowed for any costs of transportation, delivery or distribution incurred by the company in making the gift.

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