Finance Act 2007
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Change 1
SCHEDULE 17 Real Estate Investment Trusts
Section 52 18 In section 531 of ITA 2007 (charities: exemptions)— (a) after subsection (2) insert— (2A) Distributions to which section 121 of FA 2006 (Real Estate Investment Trusts: distributions) applies and which are chargeable to income tax under Part 2 or Part 3 of ITTOIA 2005 are not taken into account in calculating total income so far as they arise in respect of shares vested in a person in trust for a charitable trust or for charitable purposes. , and (b) in subsection (3), for “and (2)” substitute “ to (2A) ”.
SCHEDULE 17 Real Estate Investment Trusts
Section 52 18 In section 531 of ITA 2007 (charities: exemptions)— (a) after subsection (2) insert— (2A) Distributions to which section 121 of FA 2006 (Real Estate Investment Trusts: distributions) applies and which are chargeable to income tax under Part 2 or Part 3 of ITTOIA 2005 are not taken into account in calculating total income so far as they arise in respect of shares vested in a person in trust for a charitable trust or for charitable purposes. , and (b) in subsection (3), for “and (2)” substitute “ to (2A) ”.
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