Capital gains tax | Commentary

C1.220 Charities

Capital gains tax | Commentary

C1.220 Charities

Definition of a charity

For tax purposes, a charity is any body of persons or a trust that1:

  1.  

    •     is established for charitable purposes only

  2.  

    •     meets the jurisdictional condition (ie under the jurisdiction of the UK courts or the courts in a relevant territory)

  3.  

    •     meets the registration condition (ie has complied with any requirement to be included in the register of charities kept under Charities Act 2011, s 30 or with a similar requirement to be included in an equivalent register in a relevant territory)

  4.  

    •     meets the management condition (ie the management is made up

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