PART 6EXEMPTIONS AND RELIEF

Discretionary charitable relief: investment activitiesI144

1

An owner (C) of a material interest in the relevant land is eligible for relief from liability to pay CIL in respect of a chargeable development if—

a

discretionary charitable relief is available in the area in which the chargeable development will be situated;

b

C is a charitable institution; and

c

the whole or the greater part of the chargeable development will be held by C or by C and other charitable institutions as an investment from which the profits will be applied for charitable purposes (whether of C or of C and other charitable institutions).

2

Paragraph (1) is subject to the following provisions of this regulation.

3

Relief may not be granted under paragraph (1) if—

a

C intends to occupy that part of the chargeable development mentioned in paragraph (1)(c) and use it for ineligible trading activities; or

b

the material interest is owned by C jointly with a person who is not a charitable institution.

4

In paragraph (3)(a) “ineligible trading activities” means trading activities other than the sale of goods donated to C where the proceeds of sale of the goods (after any deduction of expenses) are applied to the charitable purposes of C.

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