SCHEDULES

SCHEDULE 15Relief in respect of gift aid and other income

Claims by charitable companies etc

2

Part 11 of CTA 2010 (charitable companies etc) is amended as follows.

3

1

In Chapter 2 (gifts and other payments), section 477A (claims in relation to gift aid relief) is amended as follows.

2

Before subsection (1) insert—

A1

This section applies to claims for repayment of income tax treated as having been paid by virtue of—

a

section 471 (gifts qualifying for gift aid relief: charitable companies), or

b

section 475 (gifts qualifying for gift aid relief: eligible bodies).

3

In subsection (1), before “applies” insert “ also ”.

4

In Chapter 3 (other exemptions), after section 491 insert—

Claims

491AClaims in relation to certain reliefs

1

Subsections (2) to (5) of section 477A (claims in relation to gift aid relief) apply to—

a

claims for amounts to be exempt from tax by virtue of a provision listed in subsection (2), and

b

claims for repayment of income tax deducted at source from income which is exempt from tax by virtue of such a provision,

as they apply to claims to which that section applies.

2

The provisions are—

a

section 486 (investment income and non-trading profits from loan relationships),

b

section 487 (public revenue dividends),

c

section 488 (certain miscellaneous income), and

d

section 489 (income from estates in administration).