Paragraph 17 Corporation tax on income

Section 939F (removal of corporation tax relief in respect of tainted donations etc) is amended as follows.

In the heading, for “in respect of tainted donations etc” substitute “where donation becomes tainted in same accounting period”.

For subsection (1) substitute—

“(1)

This section applies where—

(a)

a company makes a relievable charity donation, and

(b)

the donation becomes a tainted donation in the same accounting period in which it is made.”

Omit subsection (3).

In subsection (4), omit the definitions of “associated donation”, “qualifying charity-owned company”, “relevant housing provider” and “the relevant arrangements”.