100(1)This paragraph applies if in the tax year 2007-08 an individual makes a gift to a charity that is a qualifying donation for the purposes of Chapter 2 of Part 8.U.K.
(2)Section 426 has effect with the substitution for subsections (2) and (3) ofโ
โ(2)The condition is that in year P the grossed up amount of the gift would, if made in year P, be payable out of profits or gains brought into charge to income tax or capital gains tax.
(3)If an election is made, section 25(6) to (9A) of FA 1990 have effect in relation to the individual as if the gift were a qualifying donation (within the meaning of section 25 of FA 1990) made in year P.โ
(3)Section 426 has effect with the omission of subsections (4) and (5).