256 Charities
Taxation of Chargeable Gains Act 1992 (1992 c 12) | Legislation

Charities and gifts of non-business assets etc

256 Ìý°ä³ó²¹°ù¾±³Ù¾±±ð²õ

(1)     Subject to . . . [the following provisions of this section], a gain shall not be a chargeable gain if it accrues to a charity and is applicable and applied for charitable purposes.

(2)     If property held on charitable trusts ceases to be subject to charitable trusts—

(a)     the trustees shall be treated as if they had disposed of, and immediately reacquired, the property for a consideration equal to its market

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