118 Charities which are “connected” with one another
Finance Act 2016 (2016 c 24) | Legislation

118  Charities which are “connected” with one another

(1)     Two charities are connected with one another for the purposes of section 102(1) if—

(a)     they are connected with one another in accordance with section 993 of ITA 2007 (meaning of “connected persons”), and

(b)     their purposes and activities are the same or substantially similar.

(2)     In the application of section 993 of ITA 2007 for the purposes of subsection (1)(a)—

(a)     a charity which is a trust is to be treated as if it were a company (and accordingly a person), including in this subsection;

(b)     a charity which is a trust has “control” of another person if the trustees (in their capacity as trustees of the charity) have,

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

HCPC—Main hearing of the Health and Care Professions Tribunal

HCPC—Main hearing of the Health and Care Professions TribunalCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the government’s response to the coronavirus outbreak. In particular, the Health and Care Professions Council (HCPC) (Coronavirus) (Amendment) Rules Order

LEXISNEXIS

Scotland: the Accountant in Bankruptcy

Scotland: the Accountant in BankruptcyThe office of the Accountant in Bankruptcy (AiB) was created by section 156 of the Bankruptcy (Scotland) Act 1856 . Previously, the functions of the AiB were limited but since 1993, with the enactment of the Bankruptcy (Scotland) Act 1993 (B(S)A 1993), the role

LEXISNEXIS

Section 2(1) of the Misrepresentation Act 1967 allows a claimant to claim damages for non-fraudulent

Section 2(1) of the Misrepresentation Act 1967 allows a claimant to claim damages for non-fraudulent misrepresentation, unless the representor can prove they had reasonable grounds for believing the statement to be true. If the representor had reasonable grounds for believing the statement to be

LEXISNEXIS

Option agreements—the need for a long-stop date

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make and pursue a planning application before having to commit to paying for the land. The developer's initial outlay will be limited