Corporation Tax Act 2010 section 193

Associated acquisition etc.

Section 193 prevents a charitable payment from qualifying for tax relief where the payment is linked to the charity acquiring property from the donating company or an associated person.

• A payment is disqualified if it is conditional on the charity acquiring property from the company or a person associated with the company.
• A payment is also disqualified if it is associated with such a property acquisition, even without a formal condition.
• A payment forming part of a wider arrangement that involves such a property acquisition is likewise disqualified.
• Acquisitions by way of gift are excluded from these rules, so a genuine gift of property to the charity will not cause the payment to be disqualified.