Paragraph 4 Income tax

United Kingdom

(1)

Section 809ZJ (tainted donations) is amended as follows.

(2)

In subsection (1)—

(a)

the words from “is a tainted donation” to the end become paragraph (a);

(b)

after that paragraph insert

“, and
(b)
becomes a tainted donation at the earliest time when all those conditions are met.”

(3)

In subsection (2)(b), at the end of sub-paragraph (i) (but before the “and” that follows it) insert “as at the later of the time when the donation is made and the time when the arrangements are entered into”.

(4)

In subsection (4), in the words before paragraph (a), for the words from “a time” to “the following times” substitute “any time after the earliest of the following times”.

(5)

In subsection (8), in the definition of “qualifying charity-owned company”, for “potentially advantaged person” (in both places it occurs) substitute “linked person”.

(6)

In subsection (10), for “advantages” substitute “assistance”.