Commentary

B5.835 Charity exemption for sundry other income

Business tax
Business tax | Commentary

B5.835 Charity exemption for sundry other income

Business tax | Commentary

B5.835 Charity exemption for sundry other income

The income listed below is not taken into account in calculating total income if it is income of a charity or it is required under any Act, court judgment, charter, trust deed or will to be applied to charitable purposes only, so far as the income is applied to charitable purposes only1.

For charitable trusts, the income within the scope of this exemption is2:

  1.  

    •     royalties or other income from intellectual property that does not fall within ITTOIA 2005, ss 5–23H (Pt 2, Ch 2)

  2.  

    •     income derived from a relevant telecommunications right that

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