Income Tax Act 2007

This section has no associated Explanatory Notes

237(1)Amend Schedule 20 (charities: qualifying investments and loans) as follows.U.K.

(2)In paragraph 8 for the words from “for corporation tax” to the end substitute “ section 56(5) ”.

(3)In paragraph 9(1) for “charity”, in both places where it occurs, substitute “ charitable company ”.

(4)In paragraph 10(1)—

(a)in paragraph (b) for “charity”, in both places where it occurs, substitute “ charitable company ”, and

(b)in paragraph (d) for “charity”, in both places where it occurs, substitute “ charitable company ”.

(5)In the heading for “Charities” substitute “ Charitable companies ”.