Detailed guidance will be issued on 1 June when the regulations come into effect.
There are significant changes to the rules when selling, leasing or disposing of charity land.
Charities must comply with certain legal requirements before they dispose of charity land. Disposal can include selling, transferring or leasing charity land. The Act will simplify some of these legal requirements. The changes will include:
- widening the category of designated advisers who can provide charities with advice on certain disposals;
- confirming that a trustee, officer or employee can provide advice on a disposal if they meet the relevant requirements;
- giving trustees discretion to decide how to advertise a proposed disposal of charity land; and
removing the requirement for charities to get Commission authority to grant a residential lease to a charity employee for a short periodic or fixed term tenancy.