Part 8

Other reliefs
Chapter 3

Gifts of shares, securities and real property to charities etc

Value of net benefit to charity

Meaning and amount of “disposal-related liability”
440
1
In this Chapter a liability is a “disposal-related liability” in the case of a qualifying investment if it is a liability of the charity under a disposal-related obligation in relation to the qualifying investment.
2
If the disposal-related obligation is contingent, the amount to be brought into account for the purposes of section 437 at any time in respect of the disposal-related liability, so far as contingent, is—
a
if the contingency occurs, the amount or value of the liability actually incurred in consequence of the occurrence of the contingency, or
b
if the contingency does not occur, nil.