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Legislation
Income Tax Act 2007

Crossheading Non-charitable expenditure

  • Section 543 Meaning of “non-charitable expenditure”
  • Section 544 Section 543: supplementary
  • Section 545 Section 543(1)(f): meaning of expenditure
  • Section 546 Section 543(1)(f): tax year in which certain expenditure treated as incurred
  • Section 547 Section 543(1)(f): payment to body outside the UK
  • Section 548 Section 543(1)(i) and (j): investments and loans
  1. Non-charitable expenditure
  2. Section 543(1)(f): meaning of expenditure

Section 545 | Section 543(1)(f): meaning of expenditure

From legislation.gov.uk

(1)For the purposes of section 543(1)(f) “expenditure” includes expenditure of a capital nature.

(2)None of the following is “expenditure” for those purposes—

(a)the investment of any of the charitable trust's funds,

(b)the making of a loan by the charitable trust, or

(c)the repayment by the charitable trust of the whole or a part of a loan made to it.

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