Related Commentary  

528(1)  The condition in this section is met in relation to a tax year if–

(a)the sum of the charitable trust's trading incoming resources and miscellaneous incoming resources for the tax year does not exceed the requisite limit for the tax year, or

(b)the trustees of the charitable trust had, at the beginning of the tax year, a reasonable expectation that it would not do so.

528(2)  The charitable trust's “trading incoming resources”  for the tax year are–

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