SCHEDULES
SCHEDULE 20 CHARITIES: QUALIFYING INVESTMENTS AND LOANS M1
Annotations:
Marginal Citations
PART I QUALIFYING INVESTMENTS
7
1
Deposits with F1a bank in respect of which interest is payable at a commercial rate.
2
A deposit mentioned in sub-paragraph (1) above is not a qualifying investment if it is made as part of an arrangement under which a loan is made by the authorised institution to some other person.
F23
In this paragraph “bank” has the meaning given by section 840A.
Source—1986 c. 60 Sch. 7 Pts. II—IV.