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.”