Commentary

B5.824 Tax exemptions for charities generally

Business tax
Business tax | Commentary

B5.824 Tax exemptions for charities generally

Business tax | Commentary

B5.824 Tax exemptions for charities generally

There is no general exemption from taxation for charities but rather there is a series of exemptions laid down by statute which apply for income tax purposes and also (where relevant) in respect of corporation tax on income and chargeable gains. Any source of income other than pure donations must therefore fall within one of these exemptions (see B5.825–B5.836) to be exempt from tax.

There are two circumstances where a charity might be subject to tax on its income, namely where the charity fails to satisfy some of the conditions for exemption and, second,

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