The Financial Secretary to the Treasury has announced that legislation will be brought forward in Finance Bill 2010, effective from today, 15 December 2009, to block a tax avoidance scheme exploiting the gifts of qualifying investments to charities rules in section 587B Income and Corporation Taxes Act (ICTA) 1988 and section 431 Income Tax Act (ITA) 2007.
HMRC is publishing draft legislation and explanatory notes today.
Draft explanatory notes (PDF 29K)
Statement by the Financial Secretary to the Treasury (PDF 14K)
Contact point
If you have any comments on the draft legislation please send them to:
