525 Meaning of “charitable trade”
Income Tax Act 2007 (2007 c 3) | Legislation

525  Meaning of “charitable trade”

(1)     For the purposes of this Part a trade carried on by a charitable trust is a charitable trade in relation to a tax year if throughout . . . the tax year—

(a)     the trade is exercised in the course of carrying out a primary purpose of the charitable trust, or

(b)     the work

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