Part 11 Charitable companies etc

Chapter 2 Gifts and other payments

Gifts to eligible bodies

476 Gifts 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.