Chapter SDLTM26040

Published date19 March 2016
Record NumberSDLTM26040
CourtHM Revenue & Customs
IssuerHM Revenue & Customs
Detailed rules for charitable trusts to qualify for relief FA03/SCH8/PARA4

Relief from stamp duty land tax is available to charitable trusts on the purchase of achargeable interest if two conditions are met. These are

  • the purchasing charitable trusts must intend to hold the chargeable interest for qualifying charitable purposes. This means

* for use in the furtherance of the charitable purposes of the beneficiaries or unit holders
                * as an investment, the profits of which are applied to the charitable purposes of the beneficiaries or unit holders
                

  • that the transaction must not have been entered into for the purposes of avoiding stamp duty land tax by either the beneficiaries or unit holders

A charitable...

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