Finance Act 2012

Claims by charitable companies etc U.K.

2 U.K. Part 11 of CTA 2010 (charitable companies etc) is amended as follows.

3 (1) In Chapter 2 (gifts and other payments), section 477A (claims in relation to gift aid relief) is amended as follows. U.K.

(2) Before subsection (1) insert—

“(A1) This section applies to claims for repayment of income tax treated as having been paid by virtue of—

(a) section 471 (gifts qualifying for gift aid relief: charitable companies), or

(b) section 475 (gifts qualifying for gift aid relief: eligible bodies).”

(3) In subsection (1), before “applies” insert “ also ”.

4 U.K. In Chapter 3 (other exemptions), after section 491 insert—

“Claims U.K.

491A Claims in relation to certain reliefs

(1) Subsections (2) to (5) of section 477A (claims in relation to gift aid relief) apply to—

(a) claims for amounts to be exempt from tax by virtue of a provision listed in subsection (2), and

(b) claims for repayment of income tax deducted at source from income which is exempt from tax by virtue of such a provision,

as they apply to claims to which that section applies.

(2) The provisions are—

(a) section 486 (investment income and non-trading profits from loan relationships),

(b) section 487 (public revenue dividends),

(c) section 488 (certain miscellaneous income), and

(d) section 489 (income from estates in administration).”