Part 16Charity mergers

Vesting declarations and effect of merger on certain gifts

311Effect of registering charity merger on gifts to transferor

1

This section applies where a relevant charity merger is registered in the register of charity mergers.

F12

Subsection (2A) applies to a gift, other than an excluded gift, if—

a

the gift would have taken effect as a gift to the transferor if the transferor had been in existence, and

b

the date on which the gift would have taken effect is a date on or after the date of the registration of the merger.

2A

The gift takes effect as a gift to the transferee.

3

A gift is an excluded gift if—

a

the transferor is a charity within section 306(2), and

b

the gift is intended to be held subject to the trusts on which the whole or part of the charity's permanent endowment is held.