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C3.1902 CGT reliefs and deferrals—gifts to charity and CASCs

Relief from capital gains tax is given in respect of disposals of assets to a charity, a community amateur sports club (CASC), or body within IHTA 1984, Sch 3 (see C3.1903) otherwise than under a bargain at arm's length¹. Where this relief applies, the market value consideration provisions which apply to gifts are disapplied, and the disposal is treated as being made for such consideration as produces neither a gain nor loss². Disposals where venture capital trust (VCT) relief is available are expressly excluded³ (see Division E3.2). Relief is also not available where a person makes a 'tainted donation'⁴, or any associated donation (see B5.851)⁵.

Disposals falling within these provisions include gifts in settlement and sales for a consideration not exceeding the expenditure allowable for capital gains purposes.