This section has no associated Explanatory Notes
51(1)Amend section 339 (charges on income: donations to charity) as follows.
(2)For subsection (4) substitute—
“(4)Where a company gives a sum of money to a charity—
(a)if the charity is a charitable company, a body mentioned in section 507 or an Association of a description specified in section 508, the gift shall in the hands of the charitable company be treated for the purposes of this Act as if it were an annual payment, and
(b)if the charity is a trust established for charitable purposes only, see section 522 of ITA 2007 (gifts of money from companies).”
(3)After subsection (9) insert—
“(10)In this section “charitable company” has the same meaning as in section 506.”