528 Condition as to trading and miscellaneous incoming resources
Income Tax Act 2007 (2007 c 3) | Legislation

528  Condition as to trading and miscellaneous incoming resources

(1)     The condition in this section is met in relation to a tax year if—

(a)     the sum of the charitable trust's trading incoming resources and miscellaneous incoming resources for the tax year does not exceed the requisite limit for the tax year, or

(b)     the trustees of the charitable trust had, at the beginning of the tax year, a reasonable expectation that it would not do so.

(2)     The charitable trust's “trading incoming

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