Finance Act 1983

46 Historic Buildings and Monuments Commission for England

(1) On a claim in that behalf to the Board there shall be allowed in the case of the Historic Buildings and Monuments Commission for England (in this section referred to as "the Commission ") such exemption from tax as falls to be allowed under section 360 of the Taxes Act in the case of a charity the whole income of which is applied to charitable purposes.

(2) The Commission shall be exempt from tax in respect of all chargeable gains.

(3) For the purposes of the enactments set out below, the Commission shall be treated as a body of persons established for charitable purposes only: —

(a) sections 248(9) and 434(2) of the Taxes Act (covenanted donations to charities);

(b) section 54 of the [1980 c. 48.] Finance Act 1980 (charitable donations by traders); and

(c) section 99 of the Finance Act 1980 and section 129 of the [1982 c. 39.] Finance Act 1982 (reliefs from stamp duty).

(4) Section 24 of the [1976 c. 24.] Development Land Tax Act 1976 (exemption of charities) and section 57 of the [1977 c. 36.] Finance Act 1977 (exemption of charities from national insurance surcharge) shall have effect as if the Commission were a charity within the meaning of section 360 of the Taxes Act.

(5) In paragraph 12(1) of Schedule 6 to the [1975 c. 7.] Finance Act 1975 (capital transfer tax exemptions) immediately before the entry relating to the National Trust for Places of Historic Interest or Natural Beauty there shall be inserted—

• “The Historic Buildings and Monuments Commission for England”.