Part 11Charitable companies etc
Chapter 2Gifts and other payments
Gifts to eligible bodies
476Gifts of money from companies: exemption
(1)
If an eligible body receives a gift of a sum of money from a company, the gift is not taken into account in calculating total profits.
(2)
The exemption under subsection (1) requires a claim.
(3)
In the case of an eligible body which is a charitable company, this section applies instead of section 473.