Charities: Reverter of Sites Act 1987
ESC/D47 provided relief from Capital Gains Tax and Income Tax in certain circumstances where the property or proceeds went to a charity with a right of reversion which had not been identified at the date of sale or otherwise became held on new charitable trusts because of an order made by the Charity Commissioners or the Secretary of State for Education. Any claim for the benefit of this concession is to be made to Capital Gains Technical Group. The concession is abolished with effect from 1 April 2010. See Technical Note on the Withdrawal of Extra Statutory Concessions, dated April 2009.