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Finance Act 1989

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This is the original version (as it was originally enacted).

Charities

58Payroll deduction scheme

(1)In section 202(7) of the Taxes Act 1988 (which limits to £240 the deductions attracting relief) for “£240” there shall be substituted “£480”.

(2)This section shall have effect for the year 1989-90 and subsequent years of assessment.

59Covenanted subscriptions

(1)In determining whether a payment made to a charity within subsection (2) below is —

(a)an annual payment for the purposes of the Tax Acts, or

(b)a payment to which section 125(1) of the Taxes Act 1988 applies, or

(c)a covenanted payment to charity within the meaning given by section 660(3) of that Act,

there shall be disregarded any consideration for the payment which is of a kind described in subsection (3) below.

(2)A charity is within this subsection if its sole or main purpose is—

(a)the preservation of property for the public benefit, or

(b)the conservation of wildlife for the public benefit.

(3)The consideration referred to in subsection (1) above is the right of admission—

(a)to view property the preservation of which is the sole or main purpose of the charity, or

(b)to observe wildlife the conservation of which is the sole or main purpose of the charity.

(4)In subsection (3) above “right of admission” refers to admission of the person making the payment (or of any member of his family who may be admitted because of the payment) either free of the charges normally payable for admission by members of the public, or on payment of a reduced charge.

(5)Subsection (1) above shall not apply unless the opportunity to make payments of the kind in question is available to members of the public.

(6)For the purposes of this section—

(a)“charity” means a body of persons or trust established for charitable purposes only, and

(b)the bodies mentioned in section 507 shall each be treated as having been so established.

(7)This section shall apply to payments due on or after 14th March 1989.

60British Museum and Natural History Museum

(1)In subsection (1) of section 507 of the Taxes Act 1988 (which gives tax exemption to the National Heritage Memorial Fund and the Historic Buildings and Monuments Commission) after paragraph (b) there shall be inserted—

(c)the Trustees of the British Museum;

(d)the Trustees of the British Museum (Natural History);

and subsection (2) of that section (which gives partial tax exemption to those Trustees) shall cease to have effect.

(2)In section 339(9) of that Act, for the words from “the Trustees” (where those words first occur) to “History) and” there shall be substituted the words “each of the bodies mentioned in section 507, and in subsections (1) to (5) above includes”.

(3)In section 660(4) of that Act, for the words from “the Trustees” to “England” there shall be substituted the words “the bodies mentioned in section 507”.

(4)Subsection (1) above shall apply in relation to accounting periods ending on or after 14th March 1989, and subsections (2) and (3) above shall apply to payments due on or after that day.

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