Finance Act 2021
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Amendment of Part 3 of Schedule 26A to Principal Act (donations to approved bodies, etc.) | ||
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79. Part 3 of Schedule 26A to the Principal Act is amended by the insertion of the following paragraph after paragraph 3A: | ||
“3B. Where a body (referred to in this paragraph as a ‘restructured body’) has been the subject of any process of re-organisation (whether under Part 9 of the Companies Act 2014 or otherwise), other than amalgamation, such that the body has changed its legal form (referred to in this paragraph as the ‘successor body’) and— | ||
(a) the restructured body has held an authorisation for not less than 2 years prior to the date of the initiation of the process of re-organisation, and | ||
(b) the winding up and distribution of all of the assets of the restructured body has been completed, | ||
then the successor body shall be deemed to comply with paragraph 3(c).”. |