Finance Act 2010 (c. 13)

SCHEDULES

SCHEDULE 6 Charities and community amateur sports clubs: definitions

Part 2 Repeals of superseded definitions and other consequential amendments

TCGA 1992

13 (1) TCGA 1992 is amended as follows.

(2) In section 222(8B)(b)(iii) (relief on disposal of private residence), for “established for charitable purposes only” substitute “a charitable company”.

(3) In section 256 (charities), omit subsections (6) and (8).

(4) In section 256C (attributing gains to the non-exempt amount: charitable companies), omit subsection (6).

(5) In section 256D (how gains are attributed to the non-exempt amount: charitable companies), omit subsection (7).