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Donations Tax (CGT (Proceeds - Par 38 (🔷 Disposal by way of donation,…

- - - - (d) the vesting of an interest in an asset of a trust in a beneficiary
      - (e) the distribution of an asset by a company to a shareholder
      - (c) the scrapping, loss or destruction of an asset
      - (f) the granting, renewal, extension or exercise of an option
      - (b) forfeiture, termination, redemption, cancellation, surrender, discharge etc
      - (g) decrease in value of a person's interest in a company, trust or partnership due to value shifting arrangement
      - (a) sale, donation, expropriation, conversion, grant, cession, exchange or other alienation or transfer of ownership
  - - - (a) expenditure actually incurred
      - (b) valuation costs
      - (c) cots relating to the acquisition or disposal of the asset
        
        (vii) in the case of a donation as contemplated in par 38 , so much of the donations tax payable by that person i.r.o that donation
      - (d) the expenditure actually incurred for purposes of establishing, maintaining or defending a legal title
      - (e) one third of the interest as contemplated in section 24J excluding any interest in section 24O on money borrowed to finance the expenditure of shares
  - - - Y = Donations tax to be included in the base cost
      - A = Base cost
      - M = Market value
      - D = Total amount of donations tax so payable
  - - - ● government
      - ● PBO
- - - - ● If the trust is a Public Benefit Organisation
      - ● If the trust is a vested trust as to receipts, accruals and assets
      - ● If the trust is a special trust as defined in paragraph (a) of special trust [see special trust]
      - ● Loans which are sharia compliant financing arrangements see s24JA
      - ● If the trust was created solely for an employee share incentive scheme.
  - - - ● trust in relation to which that natural person/company is a connected person
      - ● trust in relation to which a connected person that is a connected person to the natural person/company (who provided the loan) is a connected person
      - ● company if at least 20% of the equity shares/voting rights is held by a trust as explained above
      - ●company if at least 20% of the equity shares/voting rights is held by a beneficiary of a trust as explained above