# Finance Act 2014, Paragraph 2


In paragraph 1 (conditions for charities relief)—
(a) in sub-paragraph (2), omit the words from “that is” to the end;
(b) in sub-paragraph (3), for “not been” substitute “ been ”;
(c) after sub-paragraph (3) insert—
“(3A) For the purposes of this Schedule, a charity (“C”) holds a chargeable interest for qualifying charitable purposes if it holds it—
(a) for use in furtherance of the charitable purposes of C or another charity, or
(b) as an investment from which the profits are applied to the charitable purposes of C.”

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Source: https://www.legislation.gov.uk/ukpga/2014/26/schedule/23/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2014/schedule-23/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.