Clause 96 - Gifts of real property to charity

Part of Finance Bill – in a Public Bill Committee at 4:15 pm on 13th June 2002.

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Photo of Mr Howard Flight Mr Howard Flight Conservative, Arundel and South Downs 4:15 pm, 13th June 2002

I shall be brief. The comments of the hon. Member for Torridge and West Devon lead me to consider the public policy review of charity law that will be reporting in the autumn. It may, for example, propose that certain bodies could lose charitable status more easily than at present, and that they will be required to meet criteria to maintain their charitable status that do not exist at present. The thought occurs to me that someone could give to a charity in good faith, but that the charity could lose its charitable status shortly afterwards because it did not meet the new criteria anticipated by charity lawyers. Would the donor lose the property and then lose his tax relief because the charity had ceased to qualify, or is the requirement merely that the charity should be a charitable body at the time of giving?