Commentary

B5.836 Exemption for income of estates in administration

Business tax
Business tax | Commentary

B5.836 Exemption for income of estates in administration

Business tax | Commentary

B5.836 Exemption for income of estates in administration

Estate income of a charity is not taken into account in calculating total income so far as it is applied for the purposes of the charity only1.

For the purposes of this exemption, estate income has the same meaning as in ITTOIA 2005, s 649 or CTA 2009, s 934.

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