That the following provisions shall have effect for the period beginning with 22 March 2023 and ending 31 days after the earliest of the dates mentioned in section 50(2) of the Finance Act 1973—
(1) In Part 1 of Schedule 6 to the Finance Act 2010 (definition of “charity” etc), in paragraph 2 (jurisdiction condition)—
(a) in sub-paragraph (1) omit paragraph (b) (and the “or” before it);
(b) omit sub-paragraphs (3) to (5).
(2) The amendments made by this Resolution—
(a) apply only to a body of persons or trust that has not asserted its status as a charity, and
(b) apply only for the purposes of stamp duty.
(3) The amendments made by this Resolution have effect in relation to any instrument executed on or after 15 March 2023.
(4) For the purposes of this Resolution a body of persons or trust has “asserted its status as a charity” if—
(a) immediately before 15 March 2023 it falls within the definition of “charity” in Part 1 of Schedule 6 to the Finance Act 2010, and
(b) at any time before that date, it has (under any enactment) made a valid claim to His Majesty’s Revenue and Customs in reliance on its status as a charity.
(5) The amendments made by this Resolution are to be ignored in determining whether a person who, immediately before 15 March 2023, holds a relevant interest in—
(a) a QAHC, or
(b) a company that has made an entry notification,
is, at any later time, a relevant qualifying investor in relation to that interest.
(6) Expressions used in paragraph (5) have the same meaning as in Schedule 2 to the Finance Act 2022 (qualifying asset holding companies).
And it is declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of section 50 of the Finance Act 1973.