139(1)Amend section 587C (supplementary provision for gifts of real property) as follows.U.K.
(2)Omit subsections (2) and (3).
(3)In subsection (4)—
(a)for “person” substitute “ company ”, and
(b)for “he” substitute “ it ”.
(4)In subsection (6)—
(a)for “person (or each of the persons) who made the disposal to the charity” substitute “ following ”, and
(b)at the end insert—
“(a)in a case to which section 587BA does not apply, the company which made the disposal, and
(b)in a case to which section 587BA applies, each qualifying company which is an owner.”
(5)In subsection (8) for the words from “the person” to “of them)” substitute “ a person mentioned in subsection (8A) ”.
(6)After that subsection insert—
“(8A)The persons are—
(a)in a case to which section 587BA does not apply—
(i)the company which made the disposal, or
(ii)a person connected with that company, and
(b)in a case to which section 587BA applies—
(i)a person who is an owner, or
(ii)a person connected with such a person.”
(7)In subsection (10)—
(a)omit paragraph (a) and the “and” immediately after it, and
(b)in paragraph (b) omit “in the case of a company,”.