532 Exemption for savings and investment income
Income Tax Act 2007 (2007 c 3) | Legislation

532  Exemption for savings and investment income

(1)     The income mentioned in subsection (2) is not taken into account in calculating total income if—

(a)     it is income of a charitable trust, or

(b)     it is required, under an Act, court judgment, charter, trust deed or will, to be applied to charitable purposes only.

(2)     The income referred to in subsection (1) is—

(a)     interest,

(b)     a dividend or other distribution of a UK resident

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