Section 212 | Meaning and amount of “disposal-related liability”

(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.