The operation of the exemptions is simplified where the charity is a charitable company which is a scientific research association (see below).

In the case of gifts of money from companies, provisions similar to those described at ¶815-350 apply with the main difference being that the availability of the exemption no longer depends on the funds being applied for charitable purposes (CTA 2010, s. 477).

Further, the following exemptions apply as if the whole of the funds were applied for charitable purposes only:

profits of charitable trades (see ¶815-380);

profits from fund-raising events (see ¶815-400);

property income (see ¶815-410);

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.