SCHEDULE 18CHARITIES RELIEF

Overview

1

This Schedule is arranged as follows—

(a)

paragraph 2 defines key terms,

F1(aa)

paragraphs 2A to 2D make provision about the meaning of “charity”,

(b)

paragraph 3 describes the relief available to a charity that is a buyer in a land transaction and the circumstances in which it is available,

(c)

paragraph 4 describes the circumstances where that relief is withdrawn,

(d)

paragraph 5 describes the relief available where a charity does not qualify for relief under paragraph 3 but meets other criteria, and makes provision about the circumstances where such relief is withdrawn,

(e)

paragraph 6 describes the relief available where at least one charity and at least one person who is not a charity are buyers under a land transaction,

(f)

paragraph 7 describes the circumstances where that relief is withdrawn,

(g)

paragraph 8 describes the relief available where a charity does not qualify for relief under paragraph 6 but meets other criteria, and makes provision about the circumstances where such relief is withdrawn, and

(h)

paragraph 9 makes provision about reliefs available for charitable trusts.