SCHEDULES

SCHEDULE 23SDLT: charities relief

2

In paragraph 1 (conditions for charities relief)—

a

in sub-paragraph (2), omit the words from “that is” to the end;

b

in sub-paragraph (3), for “not been” substitute “ been ”;

c

after sub-paragraph (3) insert—

3A

For the purposes of this Schedule, a charity (“C”) holds a chargeable interest for qualifying charitable purposes if it holds it—

a

for use in furtherance of the charitable purposes of C or another charity, or

b

as an investment from which the profits are applied to the charitable purposes of C.