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Charities and Their Donors

 
In the second of a two-part article his 25th in this publication Maurice Parry-Wingfield Tax Director Deloitte focuses mainly on how 'non-charitable expenditure' will impact charities' tax exemption
 
Having identified substantial donors in last week's article we can look at the other changes affecting charities.
Non-Charitable Expenditure
 
Charities have wide-ranging exemptions from tax on their income and gains. However where a charity incurs expenditure other than for charitable purposes those exemptions are restricted. The method used to restrict them has now been substantially changed. (All references to ss 55 to 57 relate to FA 2006 and others to TA 1988 unless stated otherwise.)
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