B5.829 Charity Exemption For Profits From Lotteries

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Commentary

Business tax

The profits accruing to a charity from a lottery are not taken into account in calculating total income if conditions A and B are met¹.

Condition

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D1.8101 Groups of companies

B2.306 General tests for distinguishing between capital and revenue expenditure

C2.1020 Employment-related securities options and capital gains

C1.106A Annual exempt amount

B2.413 Car hire

A1.810 Limitation

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B5.829 Charity exemption for profits from lotteries

Business tax

D1.8101 Groups of companies

B2.306 General tests for distinguishing between capital and revenue expenditure

C2.1020 Employment-related securities options and capital gains

C1.106A Annual exempt amount

B2.413 Car hire

A1.810 Limitation

B5.812A Particular charitable bodies

E8.271 Liability for Class 1A contributions

E1.1435 Appealing transactions in securities counteraction notices

B8.210 Restrictions on sideways loss relief

C3.305 Rollover relief—time limit for acquisition of replacement assets

C1.511 Use of Mansworth v Jelley losses

B5.846 Charities and close companies

B5.101 What is 'farming' and 'market gardening'

C2.106 Deferred and contingent consideration on disposals

C2.1016 Option to subscribe for shares in a company (share warrants)

E3.192 CGT loss relief on disposal of EIS shares

D6.233 Rights issue—sale of rights nil paid

D4.104 Company residence and the case law test

I5.1304 Beneficiary with contingent interest

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B5.829 Charity exemption for profits from lotteries

Business tax

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