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Legislation
Corporation Tax Act 2010

Crossheading Gifts to eligible bodies

  • Section 475 Gifts qualifying for gift aid relief: income tax treated as paid and exemption
  • Section 476 Gifts of money from companies: exemption
  1. Gifts to eligible bodies
  2. Gifts of money from companies: exemption

Section 476 | Gifts of money from companies: exemption

From legislation.gov.uk

(1)If an eligible body receives a gift of a sum of money from a company, the gift is not taken into account in calculating total profits.

(2)The exemption under subsection (1) requires a claim.

(3)In the case of an eligible body which is a charitable company, this section applies instead of section 473.

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