Schedule 4, paragraph 5A(5)

For the purposes of sub-paragraph (3) the amount of consideration in money that would be payable by the donor if they were to purchase any goods is taken to be the amount that would be so payable by the donor after the deduction of any amount included in the purchase price in respect of VAT on the supply of the goods to the donor.

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Source: legislation.gov.uk · retrieved 2026-07-28