# Finance Act 2007, Paragraph 18


In section 531 of ITA 2007 (charities: exemptions)—
(a) after subsection (2) insert—
“(2A) Distributions to which section 121 of FA 2006 (Real Estate Investment Trusts: distributions) applies and which are chargeable to income tax under Part 2 or Part 3 of ITTOIA 2005 are not taken into account in calculating total income so far as they arise in respect of shares vested in a person in trust for a charitable trust or for charitable purposes.”, and
(b) in subsection (3), for “and (2)” substitute “ to (2A) ”.

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Source: https://www.legislation.gov.uk/ukpga/2007/11/schedule/17/paragraph/18 (the official version)
Page: https://openlegislation.uk/finance-act-2007/schedule-17/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.