A Charity Tax avoidance plan was lawful. A company made payments to a charity which then employed them as charity trustees. Since the result was clearly to benefit the charity, and its purposes. The obtaining of a relief from tax, and the making use of an exemption are different for this purpose. The claiming of a tax credit is not a claiming of a relief.
Citations:
Ind Summary 05-Apr-1993, Times 23-Feb-1993, Gazette 07-Apr-1993
Statutes:
Income and Corporation Taxes Act 1988 703 709, Income and Corporation Taxes Act 1970 460(3)
Jurisdiction:
England and Wales
Charity, Corporation Tax
Updated: 02 June 2022; Ref: scu.89221
