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Home / Simons-Taxes /Corporate tax /Part D1 Corporation tax generally /Division D1.3 UK resident companies—calculation of taxable profits /Qualifying charitable donations / D1.323 Transfer of securities or real property to a charity
Commentary

D1.323 Transfer of securities or real property to a charity


Corporate tax

A company which is not itself a charity may claim relief for a disposal to a charity of a qualifying investment (ie securities)1 or real property2.

This relief is given by treating the disposal as a qualifying charitable donation. Relief cannot also be claimed in respect of the disposal as a deduction in computing trading profits under CTA 2009, s 105, see B2.4423.

Qualifying investment

A qualifying investment means4:

  1. Ìý

    •ÌýÌýÌýÌý shares or securities which are listed or dealt in on a recognised stock exchange

  2. Ìý

    •ÌýÌýÌýÌý units in an authorised unit trust (see D8.110)

  3. Ìý

    •ÌýÌýÌýÌý shares in an open-ended investment company (see D8.110)

  4. Ìý

    •ÌýÌýÌýÌý an interest in an offshore fund (see B5.702), or

  5. Ìý

    •ÌýÌýÌýÌý a qualifying interest in land in the UK

Qualifying interest

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