[F1Meaning of “gift”, etcU.K.
Textual Amendments
F1Sch. 19A inserted (21.7.2009) by Political Parties and Elections Act 2009 (c. 12), ss. 19(2), 43(1)(5)(c), Sch. 5 (with s. 19(8))
9(1)In this Schedule “gift” includes bequest.U.K.
(2)Anything given or transferred to any officer, member, trustee or agent of an unincorporated association in that person's capacity as such (and not for the person's own use or benefit) is to be regarded for the purposes of this Schedule as given or transferred to the association (and references to gifts received by an unincorporated association are to be read accordingly).
(3)Regulations made by the Secretary of State may—
(a)make provision as to things that are, or are not, to be regarded as gifts to unincorporated associations for the purposes of this Schedule;
(b)make provision as to how the value of a gift to an unincorporated association is to be calculated for the purposes of this Schedule.
(4)Provision made under sub-paragraph (3)(a) may, in particular, provide for a person to be treated as making a gift where that person—
(a)pays expenses incurred by another;
(b)lends money to another otherwise than on commercial terms;
(c)provides any property, services or facilities for the use or benefit of another otherwise than on commercial terms;
(d)transfers any money or other property for a consideration that is worth less than what is transferred (or for no consideration).]