748Payments by persons liable to pool betting dutyU.K.
This section has no associated Explanatory Notes
(1)No liability to income tax arises in respect of a payment which meets condition A and either condition B or C.
(2)Condition A is that the payment is made, in consequence of a reduction in pool betting duty, by a person liable to that duty.
(3)Condition B is that the payment is in order to meet (directly or indirectly) capital expenditure incurred in improving the safety or comfort of spectators at a ground to be used for the playing of association football.
(4)Condition C is that the payment is to trustees established mainly for the support of athletic sports or athletic games but with power to support the arts.