Gifts/donation 2nd request | AccountingWEB

Gifts/donation 2nd request

An unincorporated dancing school has installed a new studio floor, partly paid for from profits, but also from small donations, raffles etc. How do we account for the donations/fundraisers, do we need to pay tax on what seems to be non-trading income?

50 people read my original posting but no responses is there anyone out there who can help?

Christine Taylor

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ACDWebb |
ACDWebb's picture

Probably taxable

RG |