# Income Tax Act 2007, Section 559: Securities which are approved charitable investments

Extent: E+W+S+N.I.

(1) The investments to which this section applies are investments in securities—
(a) issued or guaranteed by Her Majesty’s Government in the United Kingdom or by the government of a member State of the European Union,
(b) issued or guaranteed by the government or a governmental body of any territory or part of a territory,
(c) issued by an international entity listed in the Annex to Council Directive 2003/48/EC (directive on taxation of interest payments),
(d) issued by an entity meeting the four criteria set out at the end of that Annex,
(e) issued by a building society,
(f) issued by a credit institution which operates on mutual principles and which is authorised by an appropriate governmental body in the territory in which the securities are issued,
(g) issued by an open-ended investment company,
(h) issued by a company and listed on a recognised stock exchange, or
(i) issued by a company but not listed on a recognised stock exchange.
(2) Subsection (1) is subject to section 560.
(3) In this section and in section 560—
“debentures” includes—
(a)debenture stock and bonds (whether constituting a charge on assets or not), and
(b)loan stock or notes,
“open-ended investment company” is to be read in accordance with sections 613 and 615 of CTA 2010,
“securities” includes shares and debentures, and
“shares” includes stocks.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/559 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-559
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.