Anti-Avoidance Transaction
Where a
registered charity entered into a transaction (which may include an inter-charity gift) where it may reasonably be considered that a purpose of the transaction was to avoid or unduly delay the expenditure of amounts on charitable activities
Applies regardless of whether the two charities are at
arms length
110% penalty if inter-charity transfer, both charities
are jointly and severally, or solitarily liable for the penalty
Both
charities risk revocation
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