Section 46 of FA 2000
3487.The amendments to this section include those needed to replace the references to Schedule D Case I or VI, as a result of the omission by this Act of the Schedules and the cases of Schedule D. The reference to section 834A of ICTA is to the provision inserted by this Schedule.
3488.A number of the references in subsection (2A) have been omitted as unnecessary. These are not within the provisions listed in section 834A of ICTA to which subsection (2) now refers. But they are not in fact relevant to the exemption in this section, which applies to income “applied solely for the purposes of the charitable company” (subsection (3)). The omitted references all provide for a recovery of tax or similar charge and therefore do not represent income of the charity that could be so applied.
