Qualifying gifts
1(1)For the purposes of this Schedule, a person makes a “qualifying gift” if the person makes a gift in the circumstances described in sub-paragraph (2).
(2)The circumstances are—
(a)the person offers to give pre-eminent property to be held for the benefit of the public or the nation,
(b)the person is legally and beneficially entitled to the property and the property is not owned jointly (or in common) with others,
(c)the offer is made in accordance with a scheme set up by the Secretary of State for the purposes of this Schedule,
(d)the offer is registered in accordance with the scheme,
(e)the offer, or a part of the offer, is accepted in accordance with the scheme, and
(f)the gift is made pursuant to the offer, or the part of the offer, accepted.
(3)In this Schedule—
(a)“the agreed terms” means the terms on which acceptance is agreed, as recorded in the manner prescribed by the scheme, and
(b)“the offer registration date” means the date when the offer was registered in accordance with the scheme.