Commentary

B5.831 Charity exemption for savings and investment income

Business tax
Business tax | Commentary

B5.831 Charity exemption for savings and investment income

Business tax | Commentary

B5.831 Charity exemption for savings and investment income

The following types of income listed is not taken into account in calculating the charity's total income in so far as it is applied to a charitable purpose only1:

  1.  

    •     interest (for companies, non-trading profits from loan relationships)

  2.  

    •     dividends or other distributions of a company

  3.  

    •     a dividend of a non-UK resident company

  4.  

    •     an annuity payment under a purchased life annuity

  5.  

    •     profits on the disposal of deeply discounted securities, or

  6.  

    •     income treated for the purposes of the Unauthorised Unit Trusts (Tax) Regulations, SI 2013/2819, reg 15 as received

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