SCHEDULES
SCHEDULE 8Stamp duty land tax: charities relief
Charities relief
1
1
A land transaction is exempt from charge if the purchaser is a charity and the following conditions are met.
Relief under F1this Schedule is referred to in this Part as “charities relief”.
2
The first condition is that the purchaser must intend to hold the subject-matter of the transaction for qualifying charitable purposes, F4...
3
The second condition is that the transaction must not have F5been entered into for the purpose of avoiding tax under this Part (whether by the purchaser or any other person).
F33A
For the purposes of this Schedule, a charity (“C”) holds a chargeable interest for qualifying charitable purposes if it holds it—
a
for use in furtherance of the charitable purposes of C or another charity, or
b
as an investment from which the profits are applied to the charitable purposes of C.
F24
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