Taxation for society

Save Share

This query is : Resolved

Quick Summary

This discussion explores the tax implications for non-profit education trusts in the UK. It questions whether income generated from investments and rental properties is subject to income tax. The user also seeks clarification on how these income sources affect the trust's classification as either a business trust or a non-profit trust.

Satish Mehra

Satish Mehra (Querist)

10 August 2024 Case 1:
A non-profit education trust, which invests the earned amount back into the education trust.
Will there be income tax on the earnings of the trust.

Case 2:
The same trust non-profit education trust, rents one of the buildings. Now, the trust have 2 sources of income A- Education earnings B- Rentals of the Building.

Will there be income tax on (A) only, (B) only, or (A and B) both?

What will be the category of the trust in both cases. (Business trust or non profit trust).

Thanks in anticipation

Satish Mehra

Satish Mehra (Querist)

12 August 2024 Is there any expert on society taxation, please reply

Satish Mehra

Satish Mehra (Querist)

13 August 2024 no one knows about this topic, will post it again thank you

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now