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Home / Simons-Taxes /Capital gains tax /Part C1 Capital gains /Division C1.2 Persons chargeable to tax on chargeable gains /Persons chargeable to tax on chargeable gains / C1.220 Liability to tax on chargeable gains—charities
Commentary

C1.220 Liability to tax on chargeable gains—charities


Capital gains tax

The commentary below considers the exposure of charities to tax on chargeable gains. For an overview of the taxation of chargeable gains generally, see C1.101.

Definition of a charity

For tax purposes, a charity is any body of persons or a trust that1:

  1. Ìý

    •ÌýÌýÌýÌý is established for charitable purposes only

  2. Ìý

    •ÌýÌýÌýÌý meets the jurisdictional condition (ie under the jurisdiction of the UK courts or the courts in a relevant territory)

  3. Ìý

    •ÌýÌýÌýÌý meets the registration condition (ie

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