Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 Schedule 18 paragraph 2D

The management condition

Schedule 18 paragraph 2D sets out the management condition that a charitable body or trust must satisfy, requiring that the people who control and manage it are fit and proper persons, and explains when the Welsh Revenue Authority may treat the condition as met even if it has not been.

• A charitable body or trust meets the management condition if its managers are fit and proper persons to hold that role.
• Managers means the persons who have general control and management of the administration of the body or trust.
• If the management condition is not met for any period, it can still be treated as met if the Welsh Revenue Authority is satisfied that the failure has not harmed the charitable purposes of the body or trust.
• The Welsh Revenue Authority may also treat the condition as met if it considers this to be just and reasonable in all the circumstances.