Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 11: Charitable companies etc

Chapter 2: Gifts and other payments
Section 477: Gifts of money from companies: exemption

1459.This section gives the exemption that applies where a scientific research association receives a gift of money from a company. It is based on sections 339(4), 505(1) and 508(1) of ICTA.