Section 57 (ITA) – Disposals by companies under donations at the instance of any person

57.    Disposals by companies under donations at the instance of any person

 

If-

 

(a)       any property is disposed of by any company at the instance of any person; and

 

(b)       that disposal would have been treated as a donation had that disposal been made by that person,

 

that property must for the purposes of this Part be deemed to be disposed of under a donation by that person.