CHARITIES

Community Amateur Sports Clubs

Measures will be introduced to allow tax relief on qualifying gifts of money from companies to Community Amateur Sports Clubs (CASCs) made on or after 1 April 2014, subject to restrictions where arrangements between a company controlled by a CASC and a member of the CASC are found to be ‘abusive’.

The eligibility conditions for CASCs will be revised by regulations which will cover maximum membership fees, payments to players and a new condition relating to the amount of social income a club can receive. For the purposes of the exemption from corporation tax, the limit on trading receipts a club can receive will increase from £30,000 to £50,000 and the limit for income from property from £20,000 to £30,000.