Income Tax Act 2007 (c. 3)

Part 8 U.K. Other reliefs

Chapter 3 U.K. Gifts of shares, securities and real property to charities etc

Entitlement to relief U.K.

432 Meaning of “qualifying investment” U.K.

(1) In this Chapter “qualifying investment” means—

(a) shares or securities which are listed or dealt in on a recognised stock exchange,

(b) units in an authorised unit trust,

(c) shares in an open-ended investment company,

(d) an interest in an offshore fund, and

(e) a qualifying interest in land.

(2) In this section—

• “offshore fund” has the same meaning as in Chapter 5 of Part 17 of ICTA (see sections 756A to 756C of that Act), and

• “open-ended investment company” is to be read in accordance with section 468A(2) to (4) of ICTA.