{
  "url": "https://openlegislation.uk/finance-act-2019/section-41",
  "json_url": "https://openlegislation.uk/finance-act-2019/section-41.json",
  "legislation": "ukpga/2019/1",
  "legislation_title": "Finance Act 2019",
  "legislation_url": "https://openlegislation.uk/finance-act-2019",
  "path": "section/41",
  "kind": "section",
  "number": "41",
  "heading": "Charities: exemption for small trades etc",
  "text": "(1) In section 528 of ITA 2007 (exemption for small trades of charitable trust: condition that trading incoming resources etc do not exceed requisite limit) in subsection (6)(b) (the requisite limit)—\n(a) for “£5,000” substitute £8,000”, and\n(b) for “£50,000” substitute “ £80,000 ”.\n(2) The amendments made by subsection (1) have effect for the tax year 2019-20 and subsequent tax years.\n(3) Section 482 of CTA 2010 (exemption for small trades of charitable company: condition that trading incoming resources etc do not exceed requisite limit) is amended as follows.\n(4) In subsection (6)(b) (the requisite limit)—\n(a) for “£5,000” substitute “ £8,000 ”, and\n(b) for “£50,000” substitute “ £80,000 ”.\n(5) In subsection (7)—\n(a) for “£5,000” substitute £8,000”, and\n(b) for “£50,000” substitute “ £80,000 ”.\n(6) The amendments made by subsections (3) to (5) have effect in relation to accounting periods beginning on or after 1 April 2019.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2019/1/section/41",
    "retrieved_at": "2026-10-29T09:04:30.296814+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}