Part 6Charitable donations relief
Chapter 3Certain disposals to charity
Special provisions about qualifying interests in land
214Qualifying 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.