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CHARITIES - week 15

Advantages of Charitable Status. CertaintyNB. Enforcement by Attorney GeneralNo need for a human beneficiaryPerpetuities and accumulationsCan last forever [not just life 21 years] cy-pres [near to]' doctrine can applyAccumulations [trust can grow] not a problem in practiceExemption from tax

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CHARITIES - week 15

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    1. CHARITIES - week 15

    2. Advantages of Charitable Status Certainty NB. Enforcement by Attorney General No need for a human beneficiary Perpetuities and accumulations Can last forever [not just life +21 years]+ cy-pres [near to]’ doctrine can apply Accumulations [trust can grow] not a problem in practice Exemption from taxation [s505 Income and Corporation Taxes Act 1988]

    3. Reform – Charities Act 2006

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