Charities Act 2011 – effective from March 2012

Section 122 of the Charities Act 2011 imposes requirements for Charities  (including exempt charities) to include statements in prescribed forms in documents relating to the disposition and acquisition of land.  These section 122 statements are to be included in all transfers, leases contracts, deeds of easement etc.

Generally for Registered Providers which are exempt charities the statements are:-

Disposals  – “the land the subject of this transaction is held by or in trust for [       ], an exempt charity, and is one falling within section 117 (3) (A)  of the Charities Act 2011”

Purchases –  “the land the subject of this transaction will as a result of this transaction be held by or in trust for [       ]  which is an exempt charity.