Corporation Tax Act 2010

508 Donors: exceptions

(1) A company which is wholly owned by a charity within the meaning of section 200 is not a substantial donor in relation to a charitable company which owns it (or any part of it).

(2) Subsection (3) applies to any body which—

(a) is a non-profit registered provider of social housing (see sections 80 and 115 of the Housing and Regeneration Act 2008), or

(b) is registered under—

(i) section 1 of the Housing Act 1996,

(ii) section 57 of the Housing (Scotland) Act 2001 (asp 10), or

(iii) Article 14 of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15)).

(3) The body is not a substantial donor in relation to a charitable company with which it is connected.

(4) For the purposes of subsection (3), a body and a charitable company are connected if (and only if)—

(a) one is wholly owned, or subject to control, by the other, or

(b) both are wholly owned, or subject to control, by the same person.