Corporation Tax Act 2010 section 491A

Claims in relation to certain reliefs

Section 491A sets out how charitable companies and eligible bodies can make claims for certain types of income to be treated as exempt from tax, and for repayment of income tax that has been deducted at source from that income.

• The claims process rules that apply to gift aid relief (found in section 477A) also apply to claims for exemption on certain other types of charitable income
• Charitable companies and eligible bodies can claim exemption from tax for qualifying income such as investment income, public revenue dividends, certain miscellaneous income, and income from estates in administration
• Where income tax has been deducted at source from any of these exempt income types, the charity or eligible body can claim a repayment of that tax
• These are free-standing claims, meaning they can be made independently of the corporation tax return