In the case of an outright gift, the relievable amount is:

the value of the benefit to the charity;

plus, the incidental costs borne by the individual donor in making the gift (defined by ITA 2007, s. 435 in the same terms as incidental costs of disposal for capital gains purposes; see ¶519-800);

less, the total value of any benefits received by the donor, or a person connected with him (as defined by ITA 2007, s. 993) as a consequence of the disposal

(ITA 2007, s. 434(1)).

Where the transaction is a sale at undervalue, the calculation is modified to:

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.