311Effect of registering charity merger on gifts to transferorE+W
(1)This section applies where a relevant charity merger is registered in the register of charity mergers.
[F1(2)Subsection (2A) applies to a gift, other than an excluded gift, if—
(a)the gift would have taken effect as a gift to the transferor if the transferor had been in existence, and
(b)the date on which the gift would have taken effect is a date on or after the date of the registration of the merger.
(2A)The gift takes effect as a gift to the transferee.]
(3)A gift is an excluded gift if—
(a)the transferor is a charity within section 306(2), and
(b)the gift is intended to be held subject to the trusts on which the whole or part of the charity's permanent endowment is held.
Textual Amendments
F1S. 311(2)(2A) substituted for s. 311(2) (7.3.2024) by Charities Act 2022 (c. 6), ss. 33(4), 41(4) (with s. 33(5)); S.I. 2024/265, reg. 3, Sch. 1 para. 8