Commentary

C1.218 Trade unions and employers' associations

Capital gains tax
Capital gains tax | Commentary

C1.218 Trade unions and employers' associations

Capital gains tax | Commentary

C1.218 Trade unions and employers' associations

Trade unions are treated as companies under the definition of 'company' in CTA 2010, s 1121 (see C1.208)1. Therefore, if trade unions are liable to tax on chargeable gains (see below), they are liable to corporation tax2.

A registered trade union is a trade union or employers' association maintained under the Trade Union and Labour Relations (Consolidation) Act 1992, ss 2, 123 (or the Industrial Relations (Northern Ireland) Order 1992 art 5) or a police federation3. see D7.635

Exemption for chargeable gains used to provide provident benefits

Where a registered trade union precluded by statute or

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial