diff --git a/src/Controls/src/Core/ContentPresenter.cs b/src/Controls/src/Core/ContentPresenter.cs
index 012bfc565082..783b8dd72997 100644
--- a/src/Controls/src/Core/ContentPresenter.cs
+++ b/src/Controls/src/Core/ContentPresenter.cs
@@ -104,7 +104,7 @@ protected override LayoutConstraint ComputeConstraintForView(View view)
 
 		internal override void SetChildInheritedBindingContext(Element child, object context)
 		{
-			// We never want to use the standard inheritance mechanism, we will get this set by our parent
+			SetInheritedBindingContext(child, context);
 		}
 
 		static async void OnContentChanged(BindableObject bindable, object oldValue, object newValue)
diff --git a/src/Controls/tests/TestCases.HostApp/Issues/Issue23797.cs b/src/Controls/tests/TestCases.HostApp/Issues/Issue23797.cs
new file mode 100644
index 000000000000..c43dccd3b3e6
--- /dev/null
+++ b/src/Controls/tests/TestCases.HostApp/Issues/Issue23797.cs
@@ -0,0 +1,115 @@
+using System.ComponentModel;
+using System.Windows.Input;
+using Microsoft.Maui.Controls;
+
+namespace Maui.Controls.Sample.Issues;
+
+[Issue(IssueTracker.Github, 23797, "Binding context in ContentPresenter", PlatformAffected.All)]
+public class Issue23797 : ContentPage
+{
+    public static Issue23797_ViewModel Issue23797_ViewModel { get; } = new Issue23797_ViewModel();
+
+    public Issue23797()
+    {
+        Title = "Issue23797";
+
+        var stackLayout = new StackLayout
+        {
+            Spacing = 20,
+            Padding = 20
+        };
+
+        var label = new Label
+        {
+            FontSize = 16,
+            BackgroundColor = Colors.LightGray,
+            Padding = 10,
+            AutomationId = "CurrentMessageLabel"
+        };
+        label.SetBinding(Label.TextProperty, new Binding("Message", source: Issue23797_ViewModel));
+        stackLayout.Children.Add(label);
+
+        var customControl = new CustomControlWithCustomContent_Issue23797
+        {
+            BindingContext = Issue23797_ViewModel
+        };
+
+        var button = new Button
+        {
+            Text = "Click to change to 'success'",
+            BackgroundColor = Colors.LightBlue,
+            AutomationId = "Issue23797Btn"
+        };
+        button.SetBinding(Button.CommandProperty, new Binding("TestCommand"));
+
+        customControl.MyContent = button;
+        stackLayout.Children.Add(customControl);
+
+        Content = stackLayout;
+    }
+}
+
+public class CustomControlWithCustomContent_Issue23797 : ContentView
+{
+    public static readonly BindableProperty MyContentProperty = BindableProperty.Create(
+        nameof(MyContent),
+        typeof(View),
+        typeof(CustomControlWithCustomContent_Issue23797),
+        null);
+
+    public View MyContent
+    {
+        get => (View)GetValue(MyContentProperty);
+        set => SetValue(MyContentProperty, value);
+    }
+
+    public CustomControlWithCustomContent_Issue23797()
+    {
+        ControlTemplate = new ControlTemplate(() =>
+        {
+            var border = new Border
+            {
+                Stroke = Colors.Red,
+                StrokeThickness = 2,
+                Padding = 10
+            };
+
+            var contentPresenter = new ContentPresenter();
+            contentPresenter.SetBinding(ContentPresenter.ContentProperty, new Binding(nameof(MyContent), source: RelativeBindingSource.TemplatedParent));
+
+            border.Content = contentPresenter;
+            return border;
+        });
+    }
+}
+
+public class Issue23797_ViewModel : INotifyPropertyChanged
+{
+    private string _message = "failure";
+
+    public string Message
+    {
+        get => _message;
+        set
+        {
+            _message = value;
+            OnPropertyChanged();
+        }
+    }
+
+    public ICommand TestCommand { get; }
+
+    public Issue23797_ViewModel()
+    {
+        TestCommand = new Command(() =>
+        {
+            Message = "success";
+        });
+    }
+
+    public event PropertyChangedEventHandler PropertyChanged;
+    protected virtual void OnPropertyChanged([System.Runtime.CompilerServices.CallerMemberName] string propertyName = null)
+    {
+        PropertyChanged?.Invoke(this, new PropertyChangedEventArgs(propertyName));
+    }
+}
\ No newline at end of file
diff --git a/src/Controls/tests/TestCases.Shared.Tests/Tests/Issues/Issue23797.cs b/src/Controls/tests/TestCases.Shared.Tests/Tests/Issues/Issue23797.cs
new file mode 100644
index 000000000000..2ea4ce1f30c4
--- /dev/null
+++ b/src/Controls/tests/TestCases.Shared.Tests/Tests/Issues/Issue23797.cs
@@ -0,0 +1,24 @@
+using NUnit.Framework;
+using UITest.Appium;
+using UITest.Core;
+
+namespace Microsoft.Maui.TestCases.Tests.Issues;
+
+public class Issue23797 : _IssuesUITest
+{
+    public Issue23797(TestDevice testDevice) : base(testDevice)
+    {
+    }
+
+    public override string Issue => "Binding context in ContentPresenter";
+
+    [Test]
+    [Category(UITestCategories.Layout)]
+    public void ContentPresenterShouldPropagateBindingContextForTemplateBindings()
+    {
+        App.WaitForElement("Issue23797Btn");
+        App.Tap("Issue23797Btn");
+        var messageAfterClick = App.WaitForElement("CurrentMessageLabel").GetText();
+        Assert.That(messageAfterClick, Is.EqualTo("success"));
+    }
+}
\ No newline at end of file