Section 421 — Income Tax Act 2007: Admission rights: supplementary

Admission rights: supplementary 421 1 This section applies for the purposes of section 420.

2 Condition C is to be treated as met even if the right does not apply on days which are specified by the charity as event days, provided no more than 5 days are so specified in relation to the applicable period.

3 The applicable period is—

a the period during which the right applies, in the case of a right which applies for a period of 12 months, or b each calendar year during all or part of which the right applies, in the case of a right which applies for a period of more than 12 months.

4 An “event day” is a day on which an event is to take place on the premises to which the right relates.

5 In condition D the “ same right of admission ” means a right relating to the same property, classes of persons and periods of time as the right received in consequence of the gift.