CASC and grant income

CASC and grant Income

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For a CASC ( Community Amateur Sports Club) - Does grant income form part of the taxable income ?

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By Briar
26th May 2016 14:31

A CASC is not liable to corporation tax!! Not on grants, not on income, end of...

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By ards
26th May 2016 15:08

Hi Blair,

Ithought if Trading income is gretaer than £50k tax due onthe profit.

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By ards
26th May 2016 15:13

Scenario Trading income £42K , Rental Income £6k and grant income £15k.

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By Briar
27th May 2016 09:31

What was the grant for? Capex? Members' activities?

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By ards
27th May 2016 09:49

£6k split $4k for car park repair and £2k to promote rugby in the local area.

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By Briar
27th May 2016 13:28

So set off the car park grant against the expenditure. The £2k grant is not part of trading.

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By Briar
27th May 2016 13:30

But you said that the grant was £15k!

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By ards
28th May 2016 14:47

Typo £13k car park repair and £2k to promote rugby in community.

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