Revenue Note for Guidance
This section grants to certain bodies the same exemption from income tax which applies to charities under section 207 (that is, certain income chargeable under Schedules C, D and F). The bodies concerned are those established with the sole or main object of —
In addition, such bodies must, by their rules or constitution, be precluded from granting any benefit to its members, either directly or indirectly, other than for valuable and sufficient consideration and must apply the income solely for charitable purposes. Relief under this section must be claimed.
Relevant Date: Finance Act 2019