Corporation Tax Act 2010 section 217

"Charity"

Section 217 defines the meaning of "charity" for the purposes of the chapter dealing with gifts of shares, securities and real property to charities.

• The term "charity" in this chapter is given an extended meaning beyond its ordinary definition.
• The Trustees of the National Heritage Memorial Fund are specifically included as a "charity" for these purposes.
• The Historic Buildings and Monuments Commission for England (commonly known as English Heritage) is also treated as a charity under this chapter.
• This expanded definition ensures that corporate donors giving qualifying assets to these bodies can access the same tax reliefs as donations made to charities in the conventional sense.