548Section 543(1)(i) and (j): investments and loansU.K.
This section has no associated Explanatory Notes
(1)Subsection (2) applies if in a tax year a charitable trust—
(a)realises the whole or part of an investment which was made in the tax year and is not an approved charitable investment (see section 558), or
(b)is repaid the whole or part of a loan which was made in the tax year and is neither an investment nor an approved charitable loan (see section 561).
(2)Any further investment or lending in the tax year of the sum realised or repaid, so far as it does not exceed the sum originally invested or lent, is not non-charitable expenditure as a result of section 543(1)(i) or (j).