Related Commentary  Related HMRC Manuals

76(1)  Tax shall not be charged under this Chapter (apart from section 79 below) in respect of property which ceases to be relevant property, or ceases to be property to which section 70, 71, 71A, 71D, 72, 73 or 74 above or paragraph 8 of Schedule 4 to this Act applies, on becoming–

(a)property held for charitable purposes only without limit of time (defined by a date or otherwise);

(b)the property of a political party qualifying for exemption under section 24 above; or

(c)the property of a body within Schedule 3 to this Act;

(d)[repealed by FA 1998, s. 143(4)(a) and 165 and Sch. 27, Pt. IV.]

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