562 Excess expenditure treated as non-charitable expenditure of earlier years
Income Tax Act 2007 (2007 c 3) | Legislation

Carry back of excess non-charitable expenditure

562  Excess expenditure treated as non-charitable expenditure of earlier years

(1)     This section applies if a charitable trust's non-charitable expenditure for a tax year exceeds its available income and gains for the tax year.

(2)     The excess is the charitable trust's “excess expenditure” for the tax year.

(3)     The charitable trust's excess expenditure

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