Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Taxation of Chargeable Gains Act 1992

258

1

Amend section 257 (gifts to charities etc) as follows.

2

In subsection (1)(a) after “charity” insert “ or a registered club ”.

3

In subsection (2A) for “section 587B of the Taxes Act” substitute “ as a result of Chapter 3 of Part 6 of CTA 2010 ”.

4

In subsection (2B) for paragraphs (a) to (c) substitute—

a

is reduced by the relievable amount within the meaning of Chapter 3 of Part 8 of ITA 2007 if relief in relation to the disposal is available only under that Chapter,

b

is reduced by the relievable amount within the meaning of Chapter 3 of Part 6 of CTA 2010 if relief in relation to the disposal is available only as a result of that Chapter,

c

is reduced by the relievable amount within the meaning of Chapter 3 of Part 8 of ITA 2007 if relief in relation to the disposal is available both under that Chapter and as a result of Chapter 3 of Part 6 of CTA 2010 because of section 442 of ITA 2007 and section 214 of CTA 2010, or

5

In subsection (2C) omit the definitions of “relevant amount” and “relievable amount”.

6

In subsection (3)—

a

after “is a charity,” insert “ a registered club ”, and

b

after “the charity”, in both places where it occurs, insert “ , registered club ”.

7

After subsection (4) insert—

5

For the purposes of this section “registered club” has the same meaning as in Chapter 9 of Part 13 of CTA 2010.