Part 8

Other reliefs
Chapter 3

Gifts of shares, securities and real property to charities etc

Amount of relief

Consideration
436
1
For the purposes of the formula in section 434(2) consideration for the disposal is brought into account—
a
without any discount for postponement of the right to receive any part of it,
b
in the first instance, without regard to a risk of any part of it being irrecoverable, and
c
in the first instance, without regard to the right to receive any part of it being contingent.
2
If—
a
any part of the consideration so brought into account subsequently proves to be irrecoverable, and
b
a claim is made,
such adjustment as is required in consequence must be made.
3
An adjustment under subsection (2) may be made by way of discharge or repayment of tax or otherwise.