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Understanding Charitable Status: Benefits, Enforcement, and Future Implications

This document explores the advantages of achieving charitable status, including the certainty provided by the Attorney General's enforcement. It outlines the concept of perpetual charities and the cy-pres doctrine, which allows for modifications while preserving intent. Additionally, it discusses the tax exemptions from the Income and Corporate Taxes Act 1988 that charities enjoy. Lastly, it highlights reforms introduced by the Charities Act 2006, emphasizing the impacts on charitable operations and administration.

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Understanding Charitable Status: Benefits, Enforcement, and Future Implications

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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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