CG67533 - Charities: religious communities: excess allowable figures: set-off

ESC/B10 applies to Capital Gains Tax in cases where:

• the community is not capable of being regarded as a charity

and

• the aggregate of the allowable figure for each monk or nun, for the appropriate year of assessment, exceeds the community’s income

then

• the excess may be set against any chargeable gains of the community for that year.