Finance Act 2014, Paragraph 2 is up to date with all changes known to be in force on or before 02 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2U.K.In paragraph 1 (conditions for charities relief)—
(a)in sub-paragraph (2), omit the words from “that is” to the end;
(b)in sub-paragraph (3), for “not been” substitute “ been ”;
(c)after sub-paragraph (3) insert—
“(3A)For the purposes of this Schedule, a charity (“C”) holds a chargeable interest for qualifying charitable purposes if it holds it—
(a)for use in furtherance of the charitable purposes of C or another charity, or
(b)as an investment from which the profits are applied to the charitable purposes of C.”
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