Regular income of registered non-profits includes charitable activities, qualifying property income, voluntary contributions, and permissible commercial gains. Section 335 defines regular income of a registered non-profit organisation to include income from registered charitable or religious activities, property, ... Summary
Regular income of registered non-profits includes charitable activities, qualifying property income, voluntary contributions, and permissible commercial gains.
Section 335 defines regular income of a registered non-profit organisation to include income from registered charitable or religious activities, property, deposits or investments held for charitable or religious purposes, voluntary contributions, and gains from permissible commercial activities. Income from permissible commercial activities is excluded from the property, deposit and investment categories. Commercial gains are included where activities fall under sections 344, 345 or 346 and are carried out during the relevant tax year.
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