Corporation Tax Act 2010 section 661E

Tax treatment of gifts of money from companies

Section 661E establishes how monetary gifts received by registered community amateur sports clubs from companies are brought into the charge to corporation tax.

  • Applies when a registered community amateur sports club (CASC) receives a gift of money from a company
  • The company making the gift must not itself be a charity
  • The monetary gift is treated as taxable income of the registered club
  • The gift falls within the charge to corporation tax on income

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