540 The non-exempt amount
Income Tax Act 2007 (2007 c 3) | Legislation

540  The non-exempt amount

(1)     A charitable trust has a non-exempt amount for a tax year if it has—

(a)     non-charitable expenditure for the tax year (amount A), and

(b)     attributable income and gains for the tax year (amount B).

(2)     The non-exempt amount for the tax year is—

(a)

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