SCHEDULES

SCHEDULE 6Charities and community amateur sports clubs: definitions

Part 2Repeals of superseded definitions and other consequential amendments

ITA 2007

23

1

ITA 2007 is amended as follows.

2I1

In section 479(1)(b) (special rates for trustees' income), for “trust established for charitable purposes only” substitute “ charitable trust ”.

3I1

In section 481(1)(c) (other special rates for trustees), for “trust established for charitable purposes only” substitute “ charitable trust ”.

4I1

Omit section 519 (meaning of “charitable trust”).

5I1

In section 873(2) (discretionary or accumulation settlements), in paragraphs (a) and (b), for “trust established for charitable purposes only” substitute “ charitable trust ”.

6I2

In section 989 (definitions), omit the definition of “charity”.

7I1

In Schedule 4 (index of defined expressions)—

a

in the entry for “charitable trust (in Part 10)”—

i

omit “(in Part 10)”, and

ii

for “section 519” substitute “ paragraph 1 of Schedule 6 to FA 2010 ”, and

b

in the entries for “charity”, “charity (in Chapter 2 of Part 8)” and “charity (in Chapter 3 of Part 8)”, for “section 989” substitute “ paragraph 1 of Schedule 6 to FA 2010 ”.