Part 6Charitable donations relief

Chapter 3Certain disposals to charity

Amounts treated as qualifying charitable donations

204Meaning of qualifying investment

1

In this Chapter “qualifying investment” means any of the following—

a

shares or securities which are listed on a recognised stock exchange or dealt in on a designated market in the United Kingdom,

b

units in an authorised unit trust,

c

shares in an open-ended investment company,

d

an interest in an offshore fund, and

e

a qualifying interest in land.

2

In this section—

  • “offshore fund” has the meaning given by section 355 of TIOPA 2010, and

  • “open-ended investment company” is to be read in accordance with sections 613 and 615.

3

In paragraph (a) of subsection (1) “designated” means designated by an order made by the Commissioners for Her Majesty's Revenue and Customs for the purposes of that paragraph.

4

An order under subsection (3)—

a

may designate a market by name or by reference to a class or description of market,

b

may vary or revoke a previous order under that subsection.