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Chapter SDLTM26035

Document Cited in Related
Vincent
Published date19 March 2016
Record NumberSDLTM26035
CourtHM Revenue & Customs
Partial Relief is available where a charity acquires jointly with a non charity or where a non charity acquires for charitable purposes FA03/SCH8/PARA3A-3C

Where a qualifying charity acquires a chargeable interest as tenant in common with one or more purchasers who are not qualifying charities and none of the purchasers enter into the transaction with a tax avoidance purpose, then provided the charity intends to hold its undivided share of the subject-matter of the transaction for qualifying charitable purposes, relief is available for the lower of the proportion of the subject matter held by or the chargeable consideration provided by the qualifying charity or charities.

FA03/SCH8/PARA3B

Relief - or an appropriate proportion of relief - under FA03/SCH8/PARA3A is withdrawn if the...

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