# The Substantial Donor Transactions (Variation of Threshold Limits) Regulations 2009

S.I. 2009/1029 · made 22 April 2009

Sections 506A to 506C of the Income and Corporation Taxes Act 1988 (for corporation tax) and sections 549 to 557 of the Income Tax Act 2007 (for income tax) introduced legislation taxing specified transactions between charities and substantial donors to those charities. A “substantial donor” is a person who has made tax-relievable gifts to the charity of at least £25,000 in a period of 12 months or £100,000 in a period of 6 years. These Regulations increase that 6 year threshold to £150,000.

Made under: Income and Corporation Taxes Act 1988 (Section 506C)

PDFs: Printed copy https://openlegislation.uk/substantial-donor-transactions-variation-of-threshold-limits-regulations-2009/pdf/uksi_20091029_en.pdf; Explanatory Memorandum https://openlegislation.uk/substantial-donor-transactions-variation-of-threshold-limits-regulations-2009/pdf/uksiem_20091029_en.pdf

## Introductory text

Income Tax
Corporation Tax
Made 22nd April 2009
Laid before the House of Commons 22nd April 2009
Coming into force 23rd April 2009
The Treasury make the following Regulations in exercise of the powers conferred by section 506C(9) of the Income and Corporation Taxes Act 1988 and section 557(3) of the Income Tax Act 2007:

## 1 Citation and commencement

These Regulations may be cited as the Substantial Donor Transactions (Variation of Threshold Limits) Regulations 2009 and shall come into force on 23rd April 2009.

## 2 Amendments to the Income and Corporation Taxes Act 1988 and the Income Tax Act 2007

In each of—
(a) section 506A(2)(b) of the Income and Corporation Taxes Act 1988, and
(b) section 549(2)(b) of the Income Tax Act 2007,
for “£100,000” substitute “£150,000”.

## Signature

Steve McCabe
Bob Blizzard
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd April 2009

## Explanatory note

(This note is not part of the Regulations)
Sections 506A to 506C of the Income and Corporation Taxes Act 1988 (for corporation tax) and sections 549 to 557 of the Income Tax Act 2007 (for income tax) introduced legislation taxing specified transactions between charities and substantial donors to those charities. A “substantial donor” is a person who has made tax-relievable gifts to the charity of at least £25,000 in a period of 12 months or £100,000 in a period of 6 years. These Regulations increase that 6 year threshold to £150,000.
Regulation 1 provides for citation and commencement (and for the increase to take effect from the day after Budget Day 2009) and regulation 2 for the increase in the threshold.
A Regulatory Impact Assessment has not been prepared for this instrument as it is considered to have a negligible impact on business, charities or voluntary bodies.

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Source: https://www.legislation.gov.uk/uksi/2009/1029 (the official version)
Page: https://openlegislation.uk/substantial-donor-transactions-variation-of-threshold-limits-regulations-2009
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.