Some registered trade unions, employers’ associations and police federations or associations (see 805-610) are exempt from tax on certain income and chargeable gains. In the following paragraphs references to registered trade unions will include employers’ associations and police federations unless the context requires otherwise.

The exemptions relate to:

income tax and corporation tax in respect of non-trading income; and

tax in respect of chargeable gains,

applicable and applied for the purpose of ‘provident benefits’ (see below) (CTA 2010, s. 981(1) and 982(1)).

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