CTA2010/S981, exempts the income (excluding trading income) and the chargeable gains of a registered trade union under certain conditions, see CTM41260. Chargeable gains should be regarded as applicable and applied to provident benefits when

(1)they are expended on provident benefits, or

(2)they accrue on investments which are not earmarked for purposes other than provident benefits, are re-invested in chargeable assets, and are not demonstrably used for other purposes such as strike pay, or

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