SCHEDULES

SCHEDULE 18 U.K.Relief for community amateur sports clubs

Part 2 U.K.Exemptions for registered clubs

Exemption for chargeable gains U.K.

7 A gain accruing to a registered club shall not be a chargeable gain if—

(a) the whole of the gain is applied for qualifying purposes, and

(b) the club makes a claim under this paragraph to the Inland Revenue.