Part 10Special rules about charitable trusts etc
Other exemptions
530Exemption for profits from lotteries
1
The profits accruing to a charitable trust from a lottery are not taken into account in calculating total income if conditions A and B are met.
2
Condition A is that—
F1a
the lottery is an exempt lottery within the meaning of the Gambling Act 2005 by virtue of Part 1 or 4 of Schedule 11 to that Act,
ab
the lottery is promoted in accordance with a lottery operating licence within the meaning of Part 5 of that Act, or
b
the lottery is promoted and conducted in accordance with Article 133 or 135 of the Betting, Gaming, Lotteries and Amusements (Northern Ireland) Order 1985 (S.I. 1985/1204 (N.I. 11)).
3
Condition B is that the profits are applied to the purposes of the charitable trust only.