151 Charitable companies
Finance Act 2013 (2013 c 29) | Legislation

Exemptions

151  Charitable companies

(1)     A charitable company that is entitled to a single-dwelling interest is regarded as not meeting the ownership condition with respect to the interest on any day on which the interest is held by the company for qualifying charitable purposes, other than an excluded day.

(2)     The interest is “held for qualifying charitable purposes” if it is held—

(a)     for use in furtherance of the charitable purposes of the charitable company or of another charity, or

(b)     as an investment from which the profits are (or are to be) applied to the charitable purposes of the charitable company.

(3)     A day is an “excluded day” if the following conditions are met—

(a)     a person (“the donor”) has on or before that day made, or agreed

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