Have you ever wondered what a
Автор: Common Law Simplified
Загружено: 2024-04-17
Просмотров: 38
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Have you ever wondered what a #charitabletrust is?
1. A trust for relief of poverty, advancement of education, religion and other purposes beneficial for the community.
2. The full list of categories that can constitute a charitable trust is listed under the Charities Act 2011, section 3
3. The certainty of objects principle does not apply to charitable trusts
4. Charities don’t pay taxes because they act for the public benefit.
5. There are two requirements for creating a charitable trust (1) it must fall within the list of purposes set out in section 3 of the Charities Act 2011; (2) it must satisfy the public benefit test.
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