Part 10

Special rules about charitable trusts etc

Non-charitable expenditure

Section 543(1)(f): meaning of expenditure
545
1
For the purposes of section 543(1)(f) “expenditure” includes expenditure of a capital nature.
2
None of the following is “expenditure” for those purposes—
a
the investment of any of the charitable trust's funds,
b
the making of a loan by the charitable trust, or
c
the repayment by the charitable trust of the whole or a part of a loan made to it.