Section 512 — Corporation Tax Act 2010: Securities which are approved charitable investments

Securities which are approved charitable investments 512 1 The investments to which this section applies are investments in securities—

a issued or guaranteed by Her Majesty’s Government in the United Kingdom or by the government of a member State of the European Union, b issued or guaranteed by the government or a governmental body of any territory or part of a territory, c issued by an international entity listed in the Annex to Council Directive 2003/48/EC (directive on taxation of interest payments),

d issued by an entity meeting the four criteria set out at the end of that Annex, e issued by a building society, f issued by a credit institution which operates on mutual principles and which is authorised by an appropriate governmental body in the territory in which the securities are issued, g issued by an open-ended investment company, h issued by a company and listed on a recognised stock exchange, or i issued by a company but not listed on a recognised stock exchange.

2 Subsection (1) is subject to section 513.

3 In this section and in section 513— “ debentures ” includes— debenture stock and bonds (whether constituting a charge on assets or not), and loan stock or notes, “ open-ended investment company ” is to be read in accordance with sections 613 and 615, “ securities ” includes shares and debentures, and “ shares ” includes stocks.