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Relief from income tax can be claimed by an individual who makes a gift to a charity of a 'qualifying investment' or who disposes of such an investment to a charity at less than its true value¹. The relief is subject to the 'tainted donations' rules at E1.813A. For the equivalent relief available to companies, see D1.323.

For the purposes of this relief, a qualifying investment is²:

1. Ìý

   (a)ÌýÌýÌýÌý a qualifying interest in land in the UK (see below)

2. Ìý

   (b)ÌýÌýÌýÌý shares or securities listed on a recognised stock exchange³ or dealt in on any market in the UK that is designated for this purpose by HMRC Order (which includes the Alternative Investment Market (AIM))

3. Ìý

   (c)ÌýÌýÌýÌý units in an authorised unit trust

4. Ìý

   (d)ÌýÌýÌýÌý shares in an open-ended investment company

5. Ìý

   (e)ÌýÌýÌýÌý holdings in certain foreign collective investment schemes, generally schemes set up outside the UK that are similar to authorised unit trusts and open-ended investment companies⁴

On a claim for the