Corporation Tax Act 2010 section 468

Meaning of "eligible body"

Section 468 defines which specific institutions qualify as an "eligible body" for the purposes of this Part of the Act.

• Four named public institutions are designated as eligible bodies for this Part of the Corporation Tax Act.
• The eligible bodies are the Trustees of the National Heritage Memorial Fund, the Historic Buildings and Monuments Commission for England, the Trustees of the British Museum, and the Trustees of the Natural History Museum.
• The list was originally longer but has been reduced following the abolition of the National Endowment for Science, Technology and the Arts in 2012.
• The status of eligible body is relevant to specific tax treatments and reliefs available under this Part of the Act.