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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Gifts: later disposal by charity

If TCGA92/S257 has applied to the previous disposal of an asset the charity or national heritage body is treated as having acquired the asset at the same time as the donor acquired it and having owned the asset throughout. For example, if the donor owned the asset on 31 March 1982 the charity will be treated as owning it on that date. This will be relevant only if the charity or other body is liable to Capital Gains Tax on the disposal of the asset.