SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
97
1
Amend section 506B (section 506A: exceptions) as follows.
2
In subsections (1) to (4), (7) and (9), for “charity” in each place where it occurs substitute “
charitable company
”
.
3
In subsection (5) for “to which section 587B applies” substitute “
in respect of which relief is available under section 587B of this Act or section 431 of ITA 2007 (gifts of shares, securities and real property to charities etc)
”
.
4
In subsection (7) for the words after “so far as” substitute
they relate to a donation by the donor, and—
a
if the donation is made by a company, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 339 because of subsection (3B)(b) of that section (restrictions on associated benefits), or
b
if the donation is made by an individual, the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 of ITA 2007 because of subsection (7)(b) of that section (restrictions on associated benefits).
5
In subsection (8) for the words from “the charity” to the end substitute “
a charitable company which owns it (or any part of it)
”
.