Corporation Tax Act 2010 section 467

Meaning of "charitable company"

Section 467 defines what is meant by a "charitable company" for the purposes of the corporation tax rules on charitable companies.

• A "charitable company" is a charity that is subject to corporation tax rather than income tax, covering all charities that are not simple charitable trusts.
• The definition includes not only companies incorporated under the Companies Act but also unincorporated associations and bodies incorporated by Royal Charter.
• Charitable trusts are excluded because they fall under the separate income tax regime for charities rather than the corporation tax regime.
• The underlying definition of "charity" itself is found in section 1119 of the Corporation Tax Act 2010.