B6.759 Exemptions from ATED
This article describes the exemptions from ATED. These apply to charitable companies, public bodies and bodies established for national purposes. A further exemption applies to dwellings conditionally exempt from inheritance tax.
ATED exemption—charitable companies
A charitable company that is entitled to an SDI is regarded as not meeting the ownership condition (see B6.705) and therefore exempt from ATED if the interest is held by the company for qualifying charitable purposes (ie for use in furtherance of the charitable purposes of the charitable company or of another charity, or as an investment from which the profits are, or are to be, applied to the charitable purposes of the company). For the definition of charitable company, see B5.805. However, this exemption will not apply to any day that is an 'excluded day')1.
Excluded day for charitable companies exemption
A day is an 'excluded day' if the following conditions are met2:
- Ìý
•ÌýÌýÌýÌý a person ('the donor') has on or before that day made, or agreed to make, a gift to the charitable
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