Section 212 — Corporation Tax Act 2010: Meaning and amount of “disposal-related liability”

Meaning and amount of “disposal-related liability” 212 1 For the purposes of this Chapter a liability is a “disposal-related liability” in the case of a qualifying investment if it is a liability of the charity under a disposal-related obligation in relation to the qualifying investment.

2 If the disposal-related obligation is contingent, the amount to be brought into account for the purposes of section 209 at any time in respect of the disposal-related liability, so far as contingent, is—

a if the contingency occurs, the amount or value of the liability actually incurred in consequence of the occurrence of the contingency, or b if the contingency does not occur, nil.