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Paragraph 57

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Amend section 83A (gifts in kind to charities etc.) as follows.

(2)

In subsection (1) for “a person carrying on a trade, profession or vocation” substitute “ a company carrying on a trade or profession ”.

(3)

In subsection (2) for “the donor in the course of his trade” substitute “ the company in the course of its trade ”.

(4)

In subsection (3)—

(a)

for “the donor's” substitute “ the company's ”,

(b)

for “the purposes of the Tax Acts” substitute “ corporation tax purposes ”, and

(c)

for “the donor” substitute “ the company ”.

(5)

In subsection (4)—

(a)

after “in respect of the gift of an article” insert “ made by a company ”,

(b)

for “chargeable period”, in both places where it occurs, substitute “ accounting period ”,

(c)

for “the donor or any person connected with him” substitute “ the company or any person connected with the company ”,

(d)

for “the donor shall” substitute “ the company shall ”,

(e)

before “tax”, in both places where it occurs, insert “ corporation ”, and

(f)

for “he” substitute “ the company ”.