Introduction Overview Overview Section 473: Gifts of money from companies: corporation tax liability and exemption
1449.This section sets out the charge to tax that can arise on gifts received by a charitable company from other companies which are not charities. It is based on section 339(4) and 505(1) of ICTA. The corresponding rule for income tax is in section 522 of ITAsave that the requirement to make a claim has been incorporated into the section.
1450.As with section 472, this section imposes a freestanding charge to corporation tax on gifts.