Related Commentary  

511  An investment is an approved charitable investment for the purposes of section 496 (meaning of “non-charitable expenditure”) if it is an investment of any of the following types.

Type 1

An investment to which section 512 applies.

Type 2

An investment in a common investment fund established under–

(a)section 22 of the Charities Act 1960,

(b)section 24 of the Charities Act 1993,

(bb)section 96 of the Charities Act 2011, or

(c)section 25 of the Charities Act (Northern Ireland) 1964.

Type 3

An investment in a common deposit fund established under–

(a)section 22A of the Charities Act 1960,

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