32. Community amateur sports clubs.

The Finance Act 2002 introduced a new scheme of tax treatment for sports clubs meeting the statutory criteria for 'community amateur sports clubs' ('CASCs')1. A club may be registered as a CASC2 if it is, and is required by its constitution to be, a club which:

  1.  

    (1)     is open to the whole community3;

  2.  

    (2)     is organised on an amateur basis4;

  3.  

    (3)     has as its main purpose the provision of facilities for, and the promotion of participation in, one or more eligible sports5;

  4.  

    (4)     meets the location condition6;

  5.  

    (5)     meets the management condition7;

  6.  

    (6)     meets the income condition8

If these conditions