628 Exception for gifts to charities
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

628  Exception for gifts to charities

(1)     The rule in section 624(1) does not apply to any qualifying income which arises under a [UK settlement] if—

(a)     it is given by the trustees to a charity in the tax year in which it arises, or

(b)     it is income to which a charity is entitled under the terms of the trust.

(2)     In this section “qualifying income” means—

(a)     income which [must] be accumulated,

(b)

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