Related Commentary  

530(1)  The profits accruing to a charitable trust from a lottery are not taken into account in calculating total income if conditions A and B are met.

530(2)  Condition A is that–

(a)the lottery is an exempt lottery within the meaning of the Gambling Act 2005 by virtue of Part 1 or 4 of Schedule 11 to that Act,

(ab)the lottery is promoted in accordance with a lottery operating licence within the meaning of Part 5 of that Act, or

(b)the lottery is promoted and conducted in accordance with Article 133 or 135 of the Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985 (S.I. 1985/1204 (N.I. 11)).

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