Corporation Tax Act 2010 section 661

Meaning of "eligible sport", "qualifying purposes" etc

Section 661 defines the key terms used throughout this Chapter, including "eligible sport", "qualifying purposes", "non-qualifying purposes" and "non-qualifying expenditure".

• An "eligible sport" is any sport designated by a Treasury order, which may reference a list maintained by a specified body.
• "Qualifying purposes" means providing facilities for, or promoting participation in, one or more eligible sports.
• "Non-qualifying purposes" means any purposes that are not qualifying purposes, and "non-qualifying expenditure" is expenditure incurred for such non-qualifying purposes.
• The Treasury has the power to define eligible sports by order, including by reference to an externally maintained list.