Commentary

B1.416 Profits applied to charitable purposes

Business tax
Business tax | Commentary

B1.416 Profits applied to charitable purposes

Business tax | Commentary

B1.416 Profits applied to charitable purposes

The fact that a profit is applied to a charitable purpose does not affect the taxability of the profit except in so far as the exemption under ITA 2007, s 525 and CTA 2010, s 479 applies1 (see B5.825).

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial