Commentary

B5.829 Charity exemption for profits from lotteries

Business tax
Business tax | Commentary

B5.829 Charity exemption for profits from lotteries

Business tax | Commentary

B5.829 Charity exemption for profits from lotteries

The profits accruing to a charity from a lottery are not taken into account in calculating total income if conditions A and B are met1.

Condition A is that the lottery is an exempt lottery within the meaning of the Gambling Act 2005, Sch 11, paras 1–8 (Pt 1), paras 30–40 (Pt 4) and is promoted in accordance with a lottery operating licence within the meaning of the Gambling Act 2005, ss 65–126 (Pt 5) (or Northern Ireland equivalent).

Condition B is that the profits are applied to the

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