526 Exemption for profits etc of small-scale trades
Income Tax Act 2007 (2007 c 3) | Legislation

526  Exemption for profits etc of small-scale trades

(1)     The income mentioned in subsection (2) is not taken into account in calculating total income if conditions A and B are met.

(2)     The income referred to in subsection (1) is—

(a)     the profits of a trade carried on by a charitable trust,

(b)     amounts treated as adjustment income of a charitable trust under section 228 of ITTOIA 2005 in respect of a trade carried on by the trust, and

(c)     post-cessation receipts arising from a trade carried on by

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