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.