Part III Income Tax, Corporation Tax and Capital Gains Tax

Chapter II Other provisions

Giving to charity

39 Gift aid payments by individuals.

F11

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F12

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F13

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F14

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F15

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F16

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7

In subsection (12), paragraphs (b) and (e) and the word “and" immediately preceding paragraph (e) shall cease to have effect.

8

In subsections (1)(b) and (3)(b) of section 257BB of the Taxes Act 1988 (transfer of relief under section 257A where relief exceeds income), after “section 256(2)(b)" there shall be inserted “ (read with section 25(6)(c) of the M1Finance Act 1990 where applicable) ”.

9

In paragraph 4(1)(b) of Schedule 13B to that Act (children’s tax credit), after “section 256(2)(b)" there shall be inserted “ (read with section 25(6)(c) of the M2Finance Act 1990 where applicable) ”.

10

This section has effect in relation to—

a

gifts made on or after 6th April 2000 which are not covenanted payments; and

b

covenanted payments falling to be made on or after that date;

and any regulations made under subsection (3) of section 25 of the M3Finance Act 1990 (as substituted by subsection (4) above) within three months of the passing of this Act may be so made as to apply to any payments in relation to which this section has effect.