553Section 551: certain payments and benefits to be ignoredU.K.
(1)In the application of section 551, payments by a charitable trust, or benefits arising to a substantial donor from a transaction, are to be ignored so far as—
(a)they relate to a donation by the donor, and
(b)either condition A or condition B is met.
(2)Condition A is that—
(a)the donation is made by an individual, and
(b)the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 because of subsection (7)(b) of that section (restrictions on associated benefits).
(3)Condition B is that—
(a)the donation is made by a company, and
(b)the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 339 of ICTA because of subsection (3B)(b) of that section (restrictions on associated benefits).