Part 10Special rules about charitable trusts etc

Substantial donor transactions

553Section 551: certain payments and benefits to be ignored

1

In the application of section 551, payments by a charitable trust, or benefits arising to a substantial donor from a transaction, are to be ignored so far as—

a

they relate to a donation by the donor, and

b

either condition A or condition B is met.

2

Condition A is that—

a

the donation is made by an individual, and

b

the payments or benefits do not prevent the donation being a qualifying donation for the purposes of section 416 because of subsection (7)(b) of that section (restrictions on associated benefits).

3

Condition B is that—

a

the donation is made by a company, and

b

the payments or benefits do not prevent the donation being a F1qualifying payment for the purposes of Chapter 2 of Part 6 of CTA 2010 because of a failure of condition F in section 191(7) of that Act to be met (restrictions on associated benefits).