Section 490 | Eligible bodies

(1)The provisions mentioned in subsection (3) apply in relation to an eligible body as they apply in relation to a charitable company.

(2)But in relation to an eligible body those provisions have effect as if the whole income of the body were applied to charitable purposes.

(3)The provisions referred to in subsection (1) are—

(a)sections 478 and 479 (profits of charitable trades),

(b)section 483 (profits from fund-raising events),

(c)section 484 (profits from lotteries),

(d)section 485 (property income etc),

(e)section 486 (investment income etc),

(f)section 488 (certain miscellaneous income), and

(g)section 489 (income from estates in administration).