Finance Act 2010

This section has no associated Explanatory Notes

21(1)ITTOIA 2005 is amended as follows.U.K.

(2)In section 410(3)(b) (when stock dividend income arises), for “trust established for charitable purposes only” substitute “ charitable trust ”.

(3)In section 545(1) (definitions for Chapter 9 of Part 4), omit the definition of “charitable trust”.

(4)In section 568(3) (special rule for certain income of trustees), for “trust established for charitable purposes” substitute “ charitable trust ”.

(5)In Part 2 of Schedule 4 (index of defined expressions)—

(a)in the entry for “charitable trust (in Chapter 9 of Part 4)”—

(i)omit “(in Chapter 9 of Part 4)”, and

(ii)for “section 545(1)” substitute “ paragraph 1 of Schedule 6 to FA 2010 ”, and

(b)in the entry for “charity”, for “section 989 of ITA 2007” substitute “ paragraph 1 of Schedule 6 to FA 2010 ”.

Commencement Information

I1Sch. 6 para. 21(2)(4)(5)(b) in force at 8.3.2012 with effect as mentioned in art. 15(1) of the commencing S.I. by S.I. 2012/736, art. 15(1)

I2Sch. 6 para. 21(3)(5)(a) in force at 8.3.2012 with effect as mentioned in art. 15(2) of the commencing S.I. by S.I. 2012/736, art. 15(2)(3)