Corporation Tax Act 2010 section 207

Incidental costs of making disposal

Section 207 defines what counts as allowable incidental costs when a company makes a disposal to a charity for the purposes of calculating the relievable amount under section 206.

• Professional fees paid to surveyors, valuers, auctioneers, accountants, agents or legal advisers are allowable, provided they are wholly and exclusively incurred for the purposes of the disposal.
• Transfer or conveyance costs are allowable where they are wholly and exclusively incurred for the purposes of the disposal.
• Advertising costs incurred to find a buyer for the asset are allowable.
• Costs reasonably incurred in obtaining any valuation or apportionment required under the charitable disposals rules are also allowable.