{
  "url": "https://openlegislation.uk/finance-act-2012/schedule-14/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2012/schedule-14/paragraph-3.json",
  "legislation": "ukpga/2012/14",
  "legislation_title": "Finance Act 2012",
  "legislation_url": "https://openlegislation.uk/finance-act-2012",
  "path": "schedule/14/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) If an individual (“N”) makes a qualifying gift, a portion of N's tax liability for each relevant tax year is to be treated as satisfied, as if N had paid that portion when it became due (or on the offer registration date, if the portion became due before that date).\n(2) A “relevant tax year” is a tax year identified in the agreed terms as a tax year to which this paragraph is to apply.\n(3) Up to 5 tax years may be identified in the agreed terms, but each one must be either—\n(a) the tax year in which the offer registration date falls, or\n(b) one of the 4 tax years following that tax year.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/14/schedule/14/paragraph/3",
    "retrieved_at": "2026-10-29T09:08:44.989153+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}