Section 150 Qualifying bodiesI1I2
A body is a qualifying body for the purposes of this group of sections if—
a reasonable person might consider that its activities are being carried on for the benefit of the community in England,
except in the case of a body of a prescribed kind, it satisfies prescribed conditions relating to the distribution of its profits,
it is carrying on a business, and
it satisfies such other conditions as may be prescribed.
Regulations may provide that—
a body may only be a qualifying body if it is of a prescribed kind;
activities of a prescribed description are to be treated as being, or as not being, activities which a reasonable person might consider are activities carried on for the benefit of the community in England.
“Community” includes a section of the community; and regulations may make provision about what does, does not or may constitute a section of the community.
Annotations
Commencement
- I1
S. 150 partly in force; s. 150 in force for specified purposes at Royal Assent, see s. 170
- I2
S. 150 in force at 1.4.2009 in so far as not already in force by S.I. 2008/2994, art. 3(2)(b)