Commentary

B5.903 Community amateur sports clubs—tax reliefs and exemptions

Business tax
Business tax | Commentary

B5.903 Community amateur sports clubs—tax reliefs and exemptions

Business tax | Commentary

B5.903 Community amateur sports clubs—tax reliefs and exemptions

For the latest New Developments, see ND.1073.

There are a number of tax exemptions and reliefs available to qualifying CASCs1.

Gifts qualifying for gift aid

Where the CASC receives a gift from an individual which qualifies for gift aid (see E1.811), the club is treated as receiving, under deduction of basic rate tax for the year of the gift, an amount equal to the grossed up amount of the gift2. The club is treated as having paid the basic rate tax and is chargeable to corporation tax on the grossed up amount, subject to the exemptions applying for interest and gift aid income (see below).

This relief had not been provided for in the legislation before FA 2012 because an error occurred when the legislation was re-written in CTA 2010.

Gifts of money from companies

Where the CASC receives a gift of money from a company which is not a charity on or after 1 April 2014 (see D1.321), the club is treated as receiving an amount chargeable to corporation tax, but subject to the tax exemptions which apply to company gift income received3.

Gift aid small donations scheme

The Small

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