# Income Tax (Trading and Other Income) Act 2005, Paragraph 512


(1) Amend section 44 (gifts to charity from certain trusts) as follows.
(2) Omit subsections (1) to (3).
(3) In subsection (4)—
(a) for “UK trust” substitute “ trust the trustees of which are resident in the United Kingdom (a “UK trust”) ”, and
(b) for “subsection (1) above” substitute “ section 628(1) or 630(1) of ITTOIA 2005 ”.
(4) For subsection (5) substitute—
“(5) In this section—
“qualifying income” has the same meaning as in section 628 of ITTOIA 2005; and
“resident”, in relation to the trustees of a trust, shall be construed in accordance with section 110 of the Finance Act 1989.”

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/512 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-512
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.