Corporation Tax Act 2010 section 512

Securities which are approved charitable investments

Section 512 defines which investments in securities qualify as approved charitable investments for the purposes of the rules that restrict charitable tax exemptions.

• Approved charitable investments include securities issued or guaranteed by the UK government, EU member state governments, other territorial governments, certain international entities, building societies, mutual credit institutions, open-ended investment companies, and listed or unlisted companies.
• Some categories of securities must meet additional conditions set out in section 513 before they qualify as approved charitable investments.
• The term "securities" is broadly defined to include shares (including stocks) and debentures (including debenture stock, bonds, loan stock, and notes).
• An "open-ended investment company" has the meaning given elsewhere in the Act (sections 613 and 615).