(1)The exemptions under this Part require a claim.
(2)Subsection (1) does not apply to an exemption under—
(a)section 534 (exemption for transactions in deposits), or
(b)section 535 (exemption for offshore income gains).
(3)The trustees of a charitable trust are treated as having made a claim for any exemption to which they may be entitled under section 521 (gifts entitling donor to gift aid relief) if—
(a)the charitable trust receives a gift as a result of a direction under section 429(2) (giving through self-assessment return), and
(b)as a result of section 429(4), the gift is treated as a qualifying donation for the purposes of Chapter 2 of Part 8 (gift aid).
F1(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 538(4) omitted (1.4.2009) by virtue of The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56), art. 1(2), Sch. 1 para. 452