Part 6 Charitable donations relief

Chapter 3 Certain disposals to charity

Special provisions about qualifying interests in land

214 Qualifying interests in land held jointly
(1) This section applies if the qualifying investment is a qualifying interest in land.
(2) It applies if two or more persons (“the owners”)—
(a) are jointly beneficially entitled to the qualifying interest in land, or
(b) are, taken together, beneficially entitled in common to the qualifying interest in land.
(3) Relief as a result of this Chapter is available if—
(a) at least one of the owners is a qualifying company, and
(b) all the owners dispose of the whole of their beneficial interests in the qualifying interest in land to the charity.
(4) Relief as a result of this Chapter is available to each of the owners which is a qualifying company (and section 215 applies).
(5) A company is a qualifying company if it is not itself a charity.
(6) Subsection (7) applies if one or more of the owners is not a company.
(7) For the purpose of determining whether the owners' beneficial interests are disposed of as mentioned in subsection (3)(b), section 205(2) to (4) applies as if references to a company included references to a person who is not a company.