Section 256D — Corporation Tax Act 2010: How gains are attributed to the non-exempt amount: charitable companies

How gains are attributed to the non-exempt amount: charitable companies 256D 1 This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256C.

2 The charitable company may specify the attributable gains that are to be attributed to the non-exempt amount.

3 A specification under subsection (2) is made by notice to an officer of Revenue and Customs.

4 Subsection (6) applies if—

a an officer of Revenue and Customs requires a charitable company to make a specification under this section, and b the charitable company has not given notice under subsection (3) of the specification before the end of the required period.

5 The required period is 30 days beginning with the day on which the officer made the requirement.

6 An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.

7 In this section “ charitable company ” has the same meaning as in Part 11 of CTA 2010 (see section 467 of that Act).